Astrotech Co. (NASDAQ:ASTC) Short Interest Down 11.8% in August

Astrotech Co. (NASDAQ:ASTC) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 11,200 shares, a drop of 11.8% from the August 15th total of 12,700 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 24,400 shares, the days-to-cover ratio is presently 0.5 days.

Astrotech Price Performance

Shares of ASTC stock traded down $0.05 during trading on Monday, reaching $8.17. The company’s stock had a trading volume of 11,448 shares, compared to its average volume of 11,745. Astrotech has a 1-year low of $7.00 and a 1-year high of $12.29. The stock’s 50-day moving average price is $9.12 and its 200 day moving average price is $9.10. The company has a market capitalization of $13.91 million, a price-to-earnings ratio of -1.22 and a beta of -0.15.

About Astrotech

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.