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

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) saw 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AstroNova stock. Geode Capital Management LLC grew its holdings in AstroNova, Inc. (NASDAQ:ALOT - Free Report) by 10.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,309 shares of the business services provider's stock after buying an additional 6,592 shares during the period. Geode Capital Management LLC owned 0.92% of AstroNova worth $933,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 43.02% of the company's stock.

AstroNova Price Performance

ALOT traded down $0.39 during midday trading on Monday, hitting $11.36. 4,020 shares of the company traded hands, compared to its average volume of 9,689. The business has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $14.16. AstroNova has a 52-week low of $11.36 and a 52-week high of $18.83. The company has a market capitalization of $85.53 million, a price-to-earnings ratio of 13.52 and a beta of 0.67. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25.

AstroNova (NASDAQ:ALOT - Get Free Report) last issued its quarterly earnings results 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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).