Short Interest in Astrotech Corporation (NASDAQ:ASTC) Expands By 103.7%

Astrotech Corporation (NASDAQ:ASTC) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 5,500 shares, an increase of 103.7% from the August 15th total of 2,700 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Astrotech

Hedge funds have recently bought and sold shares of the business. SCS Capital Management LLC purchased a new stake in Astrotech during the first quarter valued at $76,000. Dimensional Fund Advisors LP raised its stake in Astrotech by 15.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,930 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Astrotech by 62.7% during the fourth quarter. Citadel Advisors LLC now owns 24,014 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 9,256 shares in the last quarter. Hedge funds and other institutional investors own 24.35% of the company’s stock.

Astrotech Stock Up 0.9%

Astrotech stock opened at $5.00 on Tuesday. The company has a market cap of $8.44 million, a price-to-earnings ratio of -0.59 and a beta of 0.34. The firm’s fifty day moving average is $5.30 and its 200 day moving average is $5.76. Astrotech has a 52-week low of $4.71 and a 52-week high of $8.52.

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.