Short Interest in Astrotech Co. (NASDAQ:ASTC) Declines By 35.4%

Astrotech Co. (NASDAQ:ASTC) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 3,100 shares, a decline of 35.4% from the November 15th total of 4,800 shares. Based on an average daily trading volume, of 19,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Astrotech Stock Up 0.9 %

Shares of ASTC traded up $0.06 during mid-day trading on Friday, hitting $6.85. 5,120 shares of the company’s stock were exchanged, compared to its average volume of 13,711. The stock has a market cap of $11.65 million, a price-to-earnings ratio of -0.93 and a beta of -0.20. The firm has a fifty day moving average of $7.44 and a two-hundred day moving average of $8.44. Astrotech has a twelve month low of $6.56 and a twelve month high of $12.29.

Astrotech (NASDAQ:ASTC) last posted its earnings results on Thursday, September 19th. The aerospace company reported ($1.78) EPS for the quarter. The business had revenue of $0.07 million for the quarter. Astrotech had a negative return on equity of 33.26% and a negative net margin of 945.17%.

Astrotech Company Profile

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.