AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 66.1% in December

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,500 shares, a decrease of 66.1% from the December 15th total of 25,100 shares. Based on an average trading volume of 18,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On AstroNova

A hedge fund recently raised its stake in AstroNova stock. Geode Capital Management LLC increased its position in AstroNova, Inc. (NASDAQ:ALOT) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,309 shares of the business services provider’s stock after purchasing an additional 6,592 shares during the quarter. Geode Capital Management LLC owned 0.92% of AstroNova worth $933,000 as of its most recent filing with the Securities and Exchange Commission. 43.02% of the stock is owned by institutional investors and hedge funds.

AstroNova Stock Down 3.3 %

Shares of NASDAQ ALOT opened at $11.36 on Tuesday. AstroNova has a 52-week low of $11.36 and a 52-week high of $18.83. The stock has a market capitalization of $85.53 million, a PE ratio of 13.52 and a beta of 0.67. The company has a quick ratio of 0.73, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $13.83 and a 200-day moving average of $14.13.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of AstroNova from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 12th.

AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).