Short Interest in Astrotech Corporation (NASDAQ:ASTC) Decreases By 36.8%

Astrotech Corporation (NASDAQ:ASTC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 25,894 shares, a drop of 36.8% from the December 31st total of 40,960 shares. Based on an average daily volume of 15,157 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.8% of the shares of the company are sold short. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 15,157 shares, the days-to-cover ratio is currently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Astrotech in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Astrotech Trading Down 4.2%

Shares of Astrotech stock opened at $3.38 on Friday. The company has a market cap of $5.95 million, a PE ratio of -0.40 and a beta of 0.34. The company has a 50 day moving average of $3.59 and a 200-day moving average of $4.34. Astrotech has a 1-year low of $2.46 and a 1-year high of $8.01.

Astrotech (NASDAQ:ASTC) last announced its quarterly earnings data on Thursday, November 13th. The aerospace company reported ($2.07) EPS for the quarter. Astrotech had a negative net margin of 1,069.89% and a negative return on equity of 59.71%. The firm had revenue of $0.30 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Astrotech stock. Susquehanna International Group LLP bought a new position in Astrotech Corporation (NASDAQ:ASTC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,539 shares of the aerospace company’s stock, valued at approximately $66,000. Susquehanna International Group LLP owned about 0.77% of Astrotech at the end of the most recent quarter. 24.35% of the stock is 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.