AstroNova, Inc. (NASDAQ:ALOT) Short Interest Up 20.0% in March
by Danessa Lincoln · The Markets DailyAstroNova, Inc. (NASDAQ:ALOT – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 8,211 shares, a growth of 20.0% from the February 26th total of 6,843 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 18,144 shares, the short-interest ratio is currently 0.5 days.
AstroNova Stock Performance
Shares of ALOT opened at $9.05 on Thursday. The stock has a market capitalization of $69.14 million, a P/E ratio of -4.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.82. AstroNova has a 1 year low of $6.96 and a 1 year high of $12.68. The company’s fifty day moving average is $9.11 and its two-hundred day moving average is $9.02.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new stake in AstroNova in the fourth quarter valued at about $125,000. Jane Street Group LLC acquired a new position in AstroNova during the 2nd quarter worth approximately $140,000. Susquehanna International Group LLP purchased a new position in shares of AstroNova during the 3rd quarter worth approximately $143,000. Geode Capital Management LLC raised its stake in shares of AstroNova by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock worth $698,000 after buying an additional 2,179 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of AstroNova by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock valued at $897,000 after buying an additional 1,207 shares during the period. 43.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on AstroNova
About AstroNova
AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.
Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.