Astrotech Co. (NASDAQ:ASTC) Sees Significant Decrease in Short Interest

Astrotech Co. (NASDAQ:ASTC) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 5,100 shares, a drop of 46.3% from the October 15th total of 9,500 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Astrotech Stock Down 0.7 %

Shares of NASDAQ:ASTC opened at $7.21 on Wednesday. The firm’s 50 day moving average price is $7.99 and its 200 day moving average price is $8.77. Astrotech has a fifty-two week low of $6.56 and a fifty-two week high of $12.29.

Astrotech (NASDAQ:ASTC) last issued its earnings results on Thursday, September 19th. The aerospace company reported ($1.78) earnings per share for the quarter. The firm had revenue of $0.07 million during the quarter. Astrotech had a negative net margin of 701.08% and a negative return on equity of 30.15%.

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.