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

AstroNova, Inc. (NASDAQ:ALOT) saw a significant decline in short interest in 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 trading volume of 13,100 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the shares of the company are sold short.

AstroNova Trading Down 1.4 %

Shares of AstroNova stock traded down $0.20 during trading on Friday, hitting $14.04. The stock had a trading volume of 1,296 shares, compared to its average volume of 12,307. The company has a market capitalization of $105.58 million, a PE ratio of 16.95 and a beta of 0.55. The stock has a 50 day simple moving average of $13.87 and a 200 day simple moving average of $15.08. AstroNova has a 1 year low of $11.82 and a 1 year 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.

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

Institutional Investors Weigh In On AstroNova

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of AstroNova by 0.8% during the first quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock valued at $6,229,000 after purchasing an additional 2,700 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of AstroNova during the 1st quarter worth about $206,000. Finally, Diamond Hill Capital Management Inc. increased 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 acquiring an additional 13,000 shares during the period. 43.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised AstroNova from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th.

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).