AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 11,886 shares, an increase of 47.5% from the December 31st total of 8,060 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 13,237 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 13,237 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of AstroNova in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, AstroNova has an average rating of “Sell”.

AstroNova Stock Performance

ALOT opened at $9.09 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.82. The company has a market cap of $69.45 million, a PE ratio of -4.08 and a beta of 0.73. The stock has a 50-day moving average of $8.48 and a 200-day moving average of $9.65. AstroNova has a 52-week low of $6.96 and a 52-week high of $12.68.

AstroNova (NASDAQ:ALOT) last posted its earnings results on Wednesday, December 10th. The business services provider reported $0.20 earnings per share for the quarter. The firm had revenue of $39.17 million during the quarter. AstroNova had a positive return on equity of 2.48% and a negative net margin of 11.20%.During the same quarter last year, the firm posted $0.06 earnings per share.

Institutional Trading of AstroNova

Large investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in AstroNova in the 3rd quarter valued at $143,000. Mink Brook Asset Management LLC boosted its holdings in AstroNova by 0.4% during the third quarter. Mink Brook Asset Management LLC now owns 380,861 shares of the business services provider’s stock valued at $3,900,000 after acquiring an additional 1,500 shares during the period. Vanguard Group Inc. grew its position in shares of AstroNova by 2.8% in the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after purchasing an additional 9,533 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of AstroNova in the second quarter valued at about $140,000. Finally, Geode Capital Management LLC increased its stake in shares of AstroNova by 1.4% in the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,036 shares during the period. 43.02% of the stock is owned by institutional investors.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.