AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) saw a large 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. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

AstroNova Stock Performance

Shares of AstroNova stock opened at $10.65 on Tuesday. The business has a 50-day moving average of $11.42 and a 200 day moving average of $13.10. AstroNova has a 12 month low of $9.70 and a 12 month high of $18.25. The stock has a market capitalization of $80.18 million, a price-to-earnings ratio of 21.30 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77.

Hedge Funds Weigh In On AstroNova

A number of hedge funds and other institutional investors have recently bought and sold shares of ALOT. Geode Capital Management LLC boosted its holdings in AstroNova by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after acquiring an additional 6,592 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of AstroNova in the 4th quarter valued at about $1,536,000. Diamond Hill Capital Management Inc. boosted its stake in shares of AstroNova by 22.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after buying an additional 15,544 shares during the period. Northern Trust Corp boosted its stake in shares of AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after buying an additional 8,314 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in shares of AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after buying an additional 2,574 shares during the period. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on AstroNova in a report on Monday. They set a “buy” rating for the company.

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).