Astrotech Co. (NASDAQ:ASTC – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 20,000 shares, a drop of 14.5% from the August 15th total of 23,400 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the company’s shares are short sold.
Institutional Trading of Astrotech
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Astrotech during the first quarter valued at approximately $56,000. Renaissance Technologies LLC boosted its holdings in Astrotech by 173.4% during the 3rd quarter. Renaissance Technologies LLC now owns 158,589 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 100,589 shares during the period. Dimensional Fund Advisors LP purchased a new position in Astrotech during the 4th quarter valued at $113,000. BML Capital Management LLC bought a new position in Astrotech in the 4th quarter valued at $2,202,000. Finally, Marquette Asset Management LLC increased its stake in Astrotech by 48.6% in the first quarter. Marquette Asset Management LLC now owns 13,953 shares of the aerospace company’s stock worth $149,000 after purchasing an additional 4,565 shares during the period. 20.90% of the stock is owned by hedge funds and other institutional investors.
Astrotech Trading Up 1.1 %
Shares of ASTC traded up $0.11 during midday trading on Tuesday, hitting $10.01. The stock had a trading volume of 1,629 shares, compared to its average volume of 3,401. Astrotech has a 1 year low of $9.28 and a 1 year high of $15.11. The stock’s 50 day moving average is $11.24 and its 200 day moving average is $11.34.
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.
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