AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 17,580,000 shares, a drop of 8.2% from the October 15th total of 19,160,000 shares. Approximately 22.3% of the shares of the company are sold short. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is currently 10.1 days.
AST SpaceMobile Stock Up 5.7 %
ASTS stock opened at $4.83 on Friday. AST SpaceMobile has a one year low of $2.73 and a one year high of $7.14. The stock has a market capitalization of $1.05 billion, a PE ratio of -5.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 7.22 and a current ratio of 6.06. The company has a fifty day moving average of $3.68 and a 200-day moving average of $4.38.
Institutional Trading of AST SpaceMobile
Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of AST SpaceMobile by 357.3% in the 3rd quarter. Royal Bank of Canada now owns 3,576 shares of the company’s stock worth $26,000 after acquiring an additional 2,794 shares during the period. UBS Group AG lifted its stake in shares of AST SpaceMobile by 45.3% in the first quarter. UBS Group AG now owns 4,222 shares of the company’s stock valued at $42,000 after purchasing an additional 1,316 shares during the period. Bartlett & Co. LLC acquired a new stake in shares of AST SpaceMobile in the second quarter valued at about $27,000. Tower Research Capital LLC TRC lifted its stake in shares of AST SpaceMobile by 1,831.1% in the first quarter. Tower Research Capital LLC TRC now owns 5,890 shares of the company’s stock valued at $30,000 after purchasing an additional 5,585 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of AST SpaceMobile in the second quarter valued at about $34,000. Institutional investors and hedge funds own 54.53% of the company’s stock.
AST SpaceMobile Company Profile
AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.
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