Short Interest in Astrotech Co. (NASDAQ:ASTC) Drops By 9.7%

Astrotech Co. (NASDAQ:ASTC) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 12,100 shares, a decline of 9.7% from the July 15th total of 13,400 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 2.5 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Astrotech

An institutional investor recently raised its position in Astrotech stock. Acuitas Investments LLC raised its holdings in Astrotech Co. (NASDAQ:ASTC) by 18.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,570 shares of the aerospace company’s stock after buying an additional 9,623 shares during the period. Acuitas Investments LLC owned about 3.68% of Astrotech worth $531,000 at the end of the most recent quarter. 24.35% of the stock is currently owned by institutional investors and hedge funds.

Astrotech Trading Up 3.1 %

NASDAQ ASTC opened at $10.30 on Tuesday. The firm has a market capitalization of $17.53 million, a P/E ratio of -1.52 and a beta of -0.15. The firm’s fifty day moving average price is $8.75 and its two-hundred day moving average price is $8.80. Astrotech has a 1 year low of $7.00 and a 1 year high of $10.78.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.