AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 45.6% in October

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 13,500 shares, a decline of 45.6% from the October 15th total of 24,800 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company's shares are short sold.

Institutional Investors Weigh In On AstroNova

Large investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC bought a new position in shares of AstroNova during the 1st quarter valued at about $206,000. Diamond Hill Capital Management Inc. lifted its stake in AstroNova by 23.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider's stock valued at $915,000 after buying an additional 13,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in AstroNova by 0.8% in the first quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider's stock valued at $6,229,000 after buying an additional 2,700 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of AstroNova from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th.

AstroNova Trading Down 2.0 %

AstroNova stock traded down $0.28 during midday trading on Wednesday, hitting $13.83. 3,007 shares of the stock were exchanged, compared to its average volume of 12,379. The stock has a market capitalization of $104.00 million, a PE ratio of 16.46 and a beta of 0.55. The company has a fifty day simple moving average of $13.89 and a two-hundred day simple moving average of $15.11. The company has a quick ratio of 0.73, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. AstroNova has a 52 week low of $11.82 and a 52 week high of $18.83.

AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings results on Monday, September 16th. The business services provider reported $0.08 earnings per share for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%. The company had revenue of $40.54 million for the quarter.

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).