Astrotech Co. (NASDAQ:ASTC) Short Interest Update

Astrotech Co. (NASDAQ:ASTCGet Rating) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 30,400 shares, a decrease of 52.6% from the August 15th total of 64,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 204,700 shares, the days-to-cover ratio is presently 0.1 days.

Astrotech Stock Performance

Shares of NASDAQ ASTC opened at $0.47 on Wednesday. Astrotech has a 52-week low of $0.41 and a 52-week high of $1.15. The firm has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $0.54.

Wall Street Analyst Weigh In

Separately, started coverage on shares of Astrotech in a research report on Saturday. They issued a “sell” rating for the company.

Insider Buying and Selling

In related news, major shareholder Braden Michael Leonard acquired 311,733 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average cost of $0.45 per share, for a total transaction of $140,279.85. Following the transaction, the insider now directly owns 4,961,733 shares in the company, valued at $2,232,779.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Astrotech

A hedge fund recently bought a new stake in Astrotech stock. Virtu Financial LLC purchased a new stake in Astrotech Co. (NASDAQ:ASTCGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,487 shares of the aerospace company’s stock, valued at approximately $56,000. Virtu Financial LLC owned 0.16% of Astrotech as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 6.69% of the company’s stock.

About Astrotech

(Get Rating)

Astrotech Corporation operates as a science and technology development and commercialization company worldwide. It operates through three segments, Astrotech Technologies, Inc (ATI), 1st Detect Corporation (1st Detect), and AgLAB Inc (AgLAB). The ATI segment owns and licenses the AMS Technology, the platform mass spectrometry technology.

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