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

AstroNova, Inc. (NASDAQ:ALOT) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,500 shares, a drop of 66.1% from the December 15th total of 25,100 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded AstroNova from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th.

Hedge Funds Weigh In On AstroNova

An institutional investor recently raised its position in AstroNova stock. Geode Capital Management LLC increased its stake in AstroNova, Inc. (NASDAQ:ALOT) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,309 shares of the business services provider’s stock after acquiring an additional 6,592 shares during the period. Geode Capital Management LLC owned approximately 0.92% of AstroNova worth $933,000 as of its most recent SEC filing. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

AstroNova Price Performance

ALOT traded up $0.03 during midday trading on Monday, reaching $11.78. 476 shares of the company’s stock were exchanged, compared to its average volume of 9,140. The business’s 50-day moving average price is $13.85 and its 200 day moving average price is $14.16. The stock has a market capitalization of $88.69 million, a PE ratio of 14.02 and a beta of 0.67. AstroNova has a 1-year low of $11.53 and a 1-year high of $18.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73.

AstroNova (NASDAQ:ALOT) last announced 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%.

About AstroNova

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).