Short Interest in Astrotech Co. (NASDAQ:ASTC) Expands By 40.3%

Astrotech Co. (NASDAQ:ASTC) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 9,400 shares, an increase of 40.3% from the September 15th total of 6,700 shares. Based on an average trading volume of 26,700 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

Astrotech Price Performance

ASTC stock opened at $8.27 on Tuesday. The company has a market capitalization of $14.06 million, a P/E ratio of -1.16 and a beta of -0.16. Astrotech has a 12 month low of $7.00 and a 12 month high of $12.29. The firm’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $9.06.

Astrotech (NASDAQ:ASTC) last posted its quarterly earnings results on Thursday, September 19th. The aerospace company reported ($1.78) EPS for the quarter. The business had revenue of $0.07 million during the quarter. Astrotech had a negative net margin of 701.08% and a negative return on equity of 30.15%.

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.