Astra Space, Inc. (NASDAQ:ASTR) Short Interest Update

Astra Space, Inc. (NASDAQ:ASTR) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 985,500 shares, a drop of 16.5% from the May 15th total of 1,180,000 shares. Based on an average daily trading volume, of 198,600 shares, the days-to-cover ratio is presently 5.0 days. Currently, 6.0% of the company’s stock are sold short.

Astra Space Price Performance

NASDAQ ASTR traded down $0.01 during mid-day trading on Monday, reaching $0.52. 51,736 shares of the company’s stock traded hands, compared to its average volume of 322,240. Astra Space has a 1-year low of $0.51 and a 1-year high of $6.45. The company has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $1.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Astra Space stock. Virtu Financial LLC bought a new position in shares of Astra Space, Inc. (NASDAQ:ASTR) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 58,545 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.26% of Astra Space as of its most recent SEC filing. 61.62% of the stock is owned by institutional investors and hedge funds.

About Astra Space

Astra Space, Inc designs, tests, manufactures, and operates launch services, and space products and services primarily in the United States of America. It operates in two segments: Launch Services and Space Products segments. The Launch Services segment provides launch services to satellite operators and government, which conduct the launch operations from Pacific Spaceport Complex in Kodiak, Alaska and Cape Canaveral Space Force Station in Cape Canaveral, Florida.