AstroNova, Inc. (NASDAQ:ALOT) Short Interest Up 28.9% in February

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 12,500 shares, a growth of 28.9% from the February 13th total of 9,700 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 16,900 shares, the short-interest ratio is presently 0.7 days.

AstroNova Stock Down 8.8 %

Shares of ALOT stock traded down $0.94 during trading hours on Thursday, reaching $9.71. 11,042 shares of the stock were exchanged, compared to its average volume of 13,547. The business's fifty day moving average is $11.37 and its two-hundred day moving average is $13.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. AstroNova has a 12-month low of $9.43 and a 12-month high of $18.25. The firm has a market capitalization of $73.07 million, a P/E ratio of 19.41 and a beta of 0.62.

Institutional Trading of AstroNova

Large investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC increased its stake in shares of AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after buying an additional 2,574 shares during the period. Northern Trust Corp boosted its holdings in AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock valued at $785,000 after purchasing an additional 8,314 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider's stock valued at $933,000 after purchasing an additional 6,592 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider's stock valued at $1,003,000 after purchasing an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in AstroNova in the fourth quarter valued at approximately $1,536,000. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of AstroNova in a research note on Monday. They set a "buy" rating on the stock.

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).