Astrotech Co. (NASDAQ:ASTC) Short Interest Down 5.9% in November

Astrotech Co. (NASDAQ:ASTC) was the target of a large decline in short interest in 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 trading volume, of 19,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Astrotech Stock Performance

Astrotech stock traded down $0.24 during midday trading on Monday, hitting $6.86. 52,610 shares of the company were exchanged, compared to its average volume of 12,950. The business has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $8.60. The firm has a market capitalization of $11.68 million, a PE ratio of -0.97 and a beta of -0.14. Astrotech has a fifty-two week low of $6.56 and a fifty-two week high of $12.29.

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

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.