Astronics Corp. (OTCMKTS:ATROB) Sees Significant Increase in Short Interest

Astronics Corp. (OTCMKTS:ATROB) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 20,626 shares, an increase of 990.7% from the May 31st total of 1,891 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,983 shares, the days-to-cover ratio is currently 2.6 days.

Astronics Stock Performance

Shares of OTCMKTS:ATROB opened at $87.49 on Friday. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 88.97 and a beta of 1.09. The business’s fifty day moving average price is $99.40 and its two-hundred day moving average price is $78.74. Astronics has a fifty-two week low of $22.90 and a fifty-two week high of $91.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63.

Astronics (OTCMKTS:ATROB) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The company had revenue of $230.62 million for the quarter, compared to the consensus estimate of $225.52 million.

About Astronics

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.