AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 9.3% in September

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 7,800 shares, a drop of 9.3% from the August 31st total of 8,600 shares. Based on an average trading volume of 12,600 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

AstroNova Stock Performance

AstroNova stock opened at $13.14 on Monday. The company has a market capitalization of $98.73 million, a price-to-earnings ratio of 19.91 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73. AstroNova has a 12-month low of $11.79 and a 12-month high of $18.83. The firm’s fifty day moving average price is $14.46 and its 200 day moving average price is $15.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AstroNova stock. Vanguard Group Inc. increased its holdings in AstroNova, Inc. (NASDAQ:ALOT) by 0.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 349,546 shares of the business services provider’s stock after buying an additional 2,700 shares during the period. Vanguard Group Inc. owned about 4.67% of AstroNova worth $6,229,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 43.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 19th.

AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).