Astrotech Co. (NASDAQ:ASTC) Sees Large Drop in Short Interest

Astrotech Co. (NASDAQ:ASTC) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,600 shares, a drop of 75.5% from the December 15th total of 10,600 shares. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Astrotech Trading Down 2.0 %

Shares of NASDAQ:ASTC traded down $0.14 during midday trading on Monday, reaching $6.58. 5,075 shares of the company were exchanged, compared to its average volume of 5,050. The stock has a market cap of $11.19 million, a PE ratio of -0.90 and a beta of -0.17. Astrotech has a one year low of $6.50 and a one year high of $12.29. The business’s fifty day moving average is $7.07 and its two-hundred day moving average is $8.11.

About Astrotech

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.