AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 66.1% in December

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

AstroNova Stock Performance

NASDAQ ALOT opened at $11.50 on Wednesday. The firm’s fifty day moving average price is $13.81 and its two-hundred day moving average price is $14.10. The stock has a market cap of $86.58 million, a PE ratio of 13.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87. AstroNova has a fifty-two week low of $11.00 and a fifty-two week high of $18.83.

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 net margin of 4.20% and a return on equity of 7.77%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AstroNova stock. Diamond Hill Capital Management Inc. grew its position in AstroNova, Inc. (NASDAQ:ALOT) by 23.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,000 shares of the business services provider’s stock after purchasing an additional 13,000 shares during the period. Diamond Hill Capital Management Inc. owned about 0.90% of AstroNova worth $915,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 43.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of AstroNova from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th.

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).