Short Interest in Astrotech Co. (NASDAQ:ASTC) Declines By 5.9%

Astrotech Co. (NASDAQ:ASTC) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 4,800 shares, a decline of 5.9% from the October 31st total of 5,100 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Astrotech Stock Performance

Shares of ASTC stock traded down $0.24 during trading hours on Monday, reaching $6.86. The company had a trading volume of 52,610 shares, compared to its average volume of 12,950. Astrotech has a 12-month low of $6.56 and a 12-month high of $12.29. The company has a market capitalization of $11.68 million, a price-to-earnings ratio of -0.97 and a beta of -0.14. The stock has a fifty day moving average of $7.65 and a 200-day moving average of $8.60.

Astrotech (NASDAQ:ASTC) last issued its earnings results on Thursday, September 19th. The aerospace company reported ($1.78) EPS for the quarter. Astrotech had a negative return on equity of 33.26% and a negative net margin of 945.17%. The firm had revenue of $0.07 million for the quarter.

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.