AstroNova, Inc. (NASDAQ:ALOT) Sees Large Growth in Short Interest

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 25,100 shares, an increase of 28.7% from the November 30th total of 19,500 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,400 shares, the short-interest ratio is presently 1.4 days.

AstroNova Price Performance

Shares of NASDAQ:ALOT traded down $0.69 during midday trading on Friday, hitting $12.36. The stock had a trading volume of 6,562 shares, compared to its average volume of 14,064. The company's 50-day moving average price is $14.22 and its 200-day moving average price is $14.40. AstroNova has a fifty-two week low of $11.82 and a fifty-two week high of $18.83. The company has a quick ratio of 0.73, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $93.06 million, a P/E ratio of 14.71 and a beta of 0.61.

AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

Hedge Funds Weigh In On AstroNova

An institutional investor recently raised its position in AstroNova stock. Diamond Hill Capital Management Inc. raised its holdings in AstroNova, Inc. (NASDAQ:ALOT - Free Report) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,000 shares of the business services provider's stock after acquiring 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 quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered AstroNova from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 12th.

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).