Short Interest in Astrotech Co. (NASDAQ:ASTC) Drops By 40.2%

Astrotech Co. (NASDAQ:ASTC) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 6,700 shares, a decrease of 40.2% from the August 31st total of 11,200 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 0.3 days.

Astrotech Stock Performance

Shares of NASDAQ ASTC traded up $0.03 during trading hours on Friday, reaching $8.15. 8,232 shares of the stock traded hands, compared to its average volume of 11,792. The company’s 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $9.08. Astrotech has a 52-week low of $7.00 and a 52-week high of $12.29.

Astrotech Company Profile

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.