Astra Space, Inc. (NASDAQ:ASTR) Short Interest Up 78.1% in June

Astra Space, Inc. (NASDAQ:ASTR) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,660,000 shares, an increase of 78.1% from the June 15th total of 932,000 shares. Currently, 10.0% of the company’s shares are sold short. Based on an average daily trading volume, of 184,200 shares, the days-to-cover ratio is currently 9.0 days.

Institutional Trading of Astra Space

An institutional investor recently bought a new position in Astra Space stock. Virtu Financial LLC bought a new position in Astra Space, Inc. (NASDAQ:ASTR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 58,545 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.26% of Astra Space at the end of the most recent reporting period. Hedge funds and other institutional investors own 61.62% of the company’s stock.

Astra Space Trading Up 2.5 %

Shares of NASDAQ ASTR traded up $0.01 during midday trading on Friday, hitting $0.52. The company’s stock had a trading volume of 350,822 shares, compared to its average volume of 231,438. The business’s 50 day moving average is $0.58 and its two-hundred day moving average is $1.04. Astra Space has a 12-month low of $0.49 and a 12-month high of $6.45.

About Astra Space

Astra Space, Inc designs, tests, manufactures, and operates launch services, and space products and services primarily in the United States of America. It operates in two segments: Launch Services and Space Products segments. The Launch Services segment provides launch services to satellite operators and government, which conduct the launch operations from Pacific Spaceport Complex in Kodiak, Alaska and Cape Canaveral Space Force Station in Cape Canaveral, Florida.