Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Drops By 66.1%

Posted by Grant Hamersma on Jan 14th, 2025

AstroNova, Inc. (NASDAQ:ALOT – Get Free Report) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 8,500 shares, a decrease of 66.1% from the December 15th total of 25,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

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

Get Our Latest Report on AstroNova

AstroNova Trading Down 3.3 %

Shares of AstroNova stock opened at $11.36 on Tuesday. The company has a 50-day moving average of $13.83 and a two-hundred day moving average of $14.13. AstroNova has a 12-month low of $11.36 and a 12-month high of $18.83. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25. The stock has a market cap of $85.53 million, a PE ratio of 13.52 and a beta of 0.67.

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

Institutional Investors Weigh In On AstroNova

A hedge fund recently raised its stake in AstroNova stock. Geode Capital Management LLC grew its holdings in shares of AstroNova, Inc. (NASDAQ:ALOT – Free Report) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,309 shares of the business services provider’s stock after purchasing an additional 6,592 shares during the quarter. Geode Capital Management LLC owned approximately 0.92% of AstroNova worth $933,000 at the end of the most recent quarter. 43.02% of the stock is owned by institutional investors.

AstroNova Company Profile

(Get Free Report)

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).