Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Grows By 58.5%

AstroNova, Inc. (NASDAQ:ALOT) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 21,400 shares, a growth of 58.5% from the October 31st total of 13,500 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On AstroNova

A number of large investors have recently bought and sold shares of ALOT. O Shaughnessy Asset Management LLC purchased a new stake in shares of AstroNova in the first quarter valued at $206,000. Diamond Hill Capital Management Inc. raised its stake in AstroNova by 23.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 13,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AstroNova by 10.5% in the 3rd 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. Finally, Vanguard Group Inc. boosted its stake in shares of AstroNova by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock worth $6,229,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 43.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AstroNova Stock Down 1.1 %

AstroNova stock opened at $15.02 on Friday. The firm has a market capitalization of $112.97 million, a price-to-earnings ratio of 17.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87. AstroNova has a fifty-two week low of $11.82 and a fifty-two week high of $18.83. The stock’s fifty day moving average is $13.90 and its two-hundred day moving average is $14.87.

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

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).