AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 44.4% in July

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,500 shares, a drop of 44.4% from the July 15th total of 9,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 12,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AstroNova stock. O Shaughnessy Asset Management LLC purchased a new stake in shares of AstroNova, Inc. (NASDAQ:ALOT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned 0.15% of AstroNova as of its most recent filing with the SEC. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Trading Up 0.1 %

ALOT stock opened at $14.22 on Thursday. The company has a current ratio of 3.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. AstroNova has a 12-month low of $11.79 and a 12-month high of $18.83. The stock has a market cap of $106.85 million, a price-to-earnings ratio of 21.55 and a beta of 0.61. The business’s 50-day moving average is $15.03 and its 200 day moving average is $16.65.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Thursday, June 6th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. AstroNova had a return on equity of 8.52% and a net margin of 3.45%. The company had revenue of $32.96 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded AstroNova from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

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).