Astrotech Corporation (NASDAQ:ASTC) Short Interest Up 95.2% in April

Astrotech Corporation (NASDAQ:ASTC) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 75,943 shares, a growth of 95.2% from the April 15th total of 38,911 shares. Based on an average trading volume of 129,737 shares, the short-interest ratio is currently 0.6 days. Approximately 5.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Astrotech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Astrotech Stock Performance

NASDAQ:ASTC traded down $0.05 during midday trading on Monday, reaching $2.50. 4,695 shares of the stock traded hands, compared to its average volume of 1,352,775. Astrotech has a 12-month low of $1.91 and a 12-month high of $8.01. The business has a 50-day moving average of $3.03 and a two-hundred day moving average of $3.26. The stock has a market capitalization of $4.39 million, a PE ratio of -0.30 and a beta of -0.25.

Astrotech (NASDAQ:ASTC) last posted its earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) EPS for the quarter. The firm had revenue of $0.34 million for the quarter. Astrotech had a negative net margin of 1,397.82% and a negative return on equity of 81.85%.

Institutional Investors Weigh In On Astrotech

A number of large investors have recently made changes to their positions in ASTC. Susquehanna International Group LLP purchased a new stake in Astrotech during the 3rd quarter worth approximately $66,000. DRW Securities LLC increased its stake in Astrotech by 168.5% during the 4th quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock worth $109,000 after buying an additional 19,747 shares during the period. Finally, J. Safra Sarasin Holding AG purchased a new stake in Astrotech during the 1st quarter worth approximately $140,000. 24.35% of the stock is currently owned by hedge funds and other institutional investors.

About Astrotech

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.