Short Interest in Astrotech Corporation (NASDAQ:ASTC) Rises By 95.2%

Astrotech Corporation (NASDAQ:ASTC) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 75,943 shares, a growth of 95.2% from the April 15th total of 38,911 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average daily volume of 129,737 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Astrotech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new stake in shares of Astrotech during the 3rd quarter worth about $66,000. DRW Securities LLC grew its stake in shares of Astrotech by 168.5% in the 4th quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock valued at $109,000 after buying an additional 19,747 shares in the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new position in Astrotech in the first quarter worth approximately $140,000. Hedge funds and other institutional investors own 24.35% of the company’s stock.

Astrotech Price Performance

ASTC traded down $0.07 on Friday, reaching $2.54. 20,290 shares of the company traded hands, compared to its average volume of 84,411. The company has a market cap of $4.47 million, a price-to-earnings ratio of -0.30 and a beta of -0.25. The stock’s 50 day moving average price is $3.03 and its 200-day moving average price is $3.27. Astrotech has a 52-week low of $1.91 and a 52-week high of $8.01.

Astrotech (NASDAQ:ASTC) last issued its earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) earnings per share (EPS) for the quarter. Astrotech had a negative net margin of 1,397.82% and a negative return on equity of 81.85%. The company had revenue of $0.34 million for the quarter.

About Astrotech

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.