AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 66.1% in December

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 8,500 shares, a decline of 66.1% from the December 15th total of 25,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 18,000 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of AstroNova from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On AstroNova

An institutional investor recently raised its position in AstroNova stock. Diamond Hill Capital Management Inc. lifted its holdings in AstroNova, Inc. (NASDAQ:ALOT) by 23.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,000 shares of the business services provider’s stock after buying an additional 13,000 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.90% of AstroNova worth $915,000 as of its most recent SEC filing. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

AstroNova Stock Performance

NASDAQ:ALOT opened at $11.50 on Wednesday. AstroNova has a 1-year low of $11.00 and a 1-year high of $18.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73. The business has a 50 day moving average of $13.81 and a 200 day moving average of $14.10. The company has a market capitalization of $86.58 million, a price-to-earnings ratio of 13.69 and a beta of 0.67.

AstroNova (NASDAQ:ALOT) last issued its earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

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).