Short Interest in Astrotech Corp (NASDAQ:ASTC) Declines By 5.4%

Astrotech Corp (NASDAQ:ASTC) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 87,000 shares, a decline of 5.4% from the May 15th total of 92,000 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 8.8 days.

Separately, ValuEngine raised WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th.

ASTC stock traded up $0.08 during midday trading on Friday, hitting $2.53. 13,952 shares of the company’s stock were exchanged, compared to its average volume of 11,143. Astrotech has a 12-month low of $2.27 and a 12-month high of $6.03. The business has a 50 day moving average of $2.96.

Astrotech (NASDAQ:ASTC) last issued its quarterly earnings results on Monday, May 13th. The aerospace company reported ($0.25) earnings per share for the quarter.

A hedge fund recently raised its stake in Astrotech stock. BlackRock Inc. grew its position in Astrotech Corp (NASDAQ:ASTC) by 13,099.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,662 shares of the aerospace company’s stock after acquiring an additional 190,210 shares during the quarter. BlackRock Inc. owned approximately 4.68% of Astrotech worth $914,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.23% of the company’s stock.

About Astrotech

Astrotech Corporation operates as a science and technology development and commercialization company in the United States. It operates through two segments, Astro Scientific and Astral Images Corporation. The Astro Scientific segment manufactures chemical detection and analysis instrumentation that detects and identifies trace amounts of explosives and narcotics.

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