AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 17.5% in July

AstroNova, Inc. (NASDAQ:ALOT) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 9,900 shares, a drop of 17.5% from the June 30th total of 12,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AstroNova stock. Vanguard Group Inc. boosted its position in AstroNova, Inc. (NASDAQ:ALOT) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 349,546 shares of the business services provider’s stock after acquiring an additional 2,700 shares during the period. Vanguard Group Inc. owned 4.67% of AstroNova worth $6,229,000 as of its most recent SEC filing. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Trading Up 2.1 %

NASDAQ ALOT opened at $15.34 on Tuesday. The business has a 50 day simple moving average of $15.78 and a 200 day simple moving average of $16.90. AstroNova has a one year low of $11.79 and a one year high of $18.83. The stock has a market capitalization of $115.26 million, a P/E ratio of 23.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.07 and a quick ratio of 1.10.

AstroNova (NASDAQ:ALOT) last released its earnings results on Thursday, June 6th. The business services provider reported $0.15 EPS for the quarter. AstroNova had a return on equity of 8.52% and a net margin of 3.45%. The business had revenue of $32.96 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut AstroNova from a “strong-buy” rating to a “buy” rating in a research note on Monday.

About AstroNova

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).