Short Interest in Astrotech Co. (NASDAQ:ASTC) Grows By 241.9%

Astrotech Co. (NASDAQ:ASTC) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 10,600 shares, an increase of 241.9% from the November 30th total of 3,100 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is presently 0.5 days.

Astrotech Stock Performance

ASTC traded down $0.02 during midday trading on Friday, hitting $6.91. The company had a trading volume of 7,754 shares, compared to its average volume of 14,821. Astrotech has a twelve month low of $6.56 and a twelve month high of $12.29. The company has a market capitalization of $11.76 million, a PE ratio of -0.94 and a beta of -0.20. The firm’s 50-day simple moving average is $7.24 and its 200-day simple moving average is $8.30.

Astrotech Company Profile

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.