AstroNova, Inc. (NASDAQ:ALOT) Sees Significant Decline in Short Interest

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in AstroNova stock. Geode Capital Management LLC raised its stake in shares of AstroNova, Inc. (NASDAQ:ALOT) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,309 shares of the business services provider’s stock after purchasing an additional 6,592 shares during the quarter. Geode Capital Management LLC owned about 0.92% of AstroNova worth $933,000 at the end of the most recent reporting period. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of AstroNova in a report on Tuesday. They set a “buy” rating for the company.

AstroNova Stock Up 1.1 %

ALOT stock traded up $0.13 during trading on Tuesday, hitting $11.75. 6,862 shares of the company’s stock traded hands, compared to its average volume of 8,582. The business has a fifty day simple moving average of $13.55 and a two-hundred day simple moving average of $13.98. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $88.44 million, a P/E ratio of 23.49 and a beta of 0.67. AstroNova has a 1 year low of $11.00 and a 1 year high of $18.25.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

AstroNova Company Profile

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).