AstroNova, Inc. (NASDAQ:ALOT) Sees Significant Growth in Short Interest

AstroNova, Inc. (NASDAQ:ALOT) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 8,211 shares, an increase of 20.0% from the February 26th total of 6,843 shares. Based on an average daily trading volume, of 18,144 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

AstroNova Trading Down 1.2%

NASDAQ:ALOT opened at $9.19 on Wednesday. AstroNova has a 12 month low of $6.96 and a 12 month high of $12.68. The firm has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $9.02. The company has a current ratio of 1.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $70.21 million, a P/E ratio of -4.12 and a beta of 0.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of AstroNova in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ALOT. DRW Securities LLC purchased a new position in shares of AstroNova in the fourth quarter worth about $125,000. Jane Street Group LLC acquired a new position in AstroNova in the 2nd quarter worth approximately $140,000. Susquehanna International Group LLP acquired a new position in AstroNova in the 3rd quarter worth approximately $143,000. Geode Capital Management LLC raised its position in AstroNova by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock worth $698,000 after buying an additional 2,179 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in AstroNova by 1.2% during the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after buying an additional 1,207 shares during the last quarter. 43.02% of the stock is owned by institutional investors and hedge funds.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.