AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 11.1% in January

AstroNova, Inc. (NASDAQ:ALOT) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 13,600 shares, a drop of 11.1% from the January 15th total of 15,300 shares. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of AstroNova

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of AstroNova by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after buying an additional 1,226 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2,574 shares during the last quarter. Northern Trust Corp grew its holdings in shares of AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 8,314 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of AstroNova by 23.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of AstroNova during the 4th quarter valued at $1,536,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of AstroNova in a report on Thursday, February 13th. They issued a “buy” rating for the company.

AstroNova Stock Performance

NASDAQ ALOT opened at $11.80 on Tuesday. AstroNova has a 1 year low of $11.00 and a 1 year high of $18.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The stock has a market capitalization of $88.85 million, a PE ratio of 23.60 and a beta of 0.66. The company’s 50 day simple moving average is $12.50 and its two-hundred day simple moving average is $13.62.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

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).