AstroNova, Inc. (NASDAQ:ALOT) Short Interest Up 28.7% in December

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 25,100 shares, a growth of 28.7% from the November 30th total of 19,500 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of AstroNova

A hedge fund recently raised its stake in AstroNova stock. Diamond Hill Capital Management Inc. raised its holdings in AstroNova, Inc. (NASDAQ:ALOT) by 23.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,000 shares of the business services provider’s stock after purchasing an additional 13,000 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.90% of AstroNova worth $915,000 as of its most recent SEC filing. 43.02% of the stock is currently owned by institutional investors and hedge funds.

AstroNova Stock Down 1.9 %

NASDAQ ALOT traded down $0.23 on Monday, reaching $12.13. 5,279 shares of the stock traded hands, compared to its average volume of 14,028. AstroNova has a 12 month low of $11.82 and a 12 month high of $18.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87. The company has a fifty day moving average price of $14.22 and a 200-day moving average price of $14.38. The company has a market cap of $91.33 million, a price-to-earnings ratio of 14.44 and a beta of 0.61.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of AstroNova from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 12th.

About AstroNova

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).