Short Interest in Astrotech Corporation (NASDAQ:ASTC) Rises By 95.2%

Astrotech Corporation (NASDAQ:ASTC) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 75,943 shares, a growth of 95.2% from the April 15th total of 38,911 shares. Currently, 5.2% of the company’s stock are sold short. Based on an average trading volume of 129,737 shares, the days-to-cover ratio is presently 0.6 days.

Astrotech Price Performance

ASTC traded down $0.07 on Friday, hitting $2.54. The company had a trading volume of 20,290 shares, compared to its average volume of 84,411. The stock has a market cap of $4.47 million, a price-to-earnings ratio of -0.30 and a beta of -0.25. The company’s fifty day moving average price is $3.03 and its 200 day moving average price is $3.27. Astrotech has a 1-year low of $1.91 and a 1-year high of $8.01.

Astrotech (NASDAQ:ASTC) last announced its quarterly earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) EPS for the quarter. Astrotech had a negative net margin of 1,397.82% and a negative return on equity of 81.85%. The company had revenue of $0.34 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASTC. DRW Securities LLC lifted its position in Astrotech by 168.5% during the 4th quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 19,747 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Astrotech in the first quarter valued at about $140,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Astrotech in the third quarter valued at about $66,000. Institutional investors own 24.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Astrotech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Astrotech presently has an average rating of “Sell”.

Astrotech Company Profile

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.