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

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.4% of the company’s stock are short sold.

AstroNova Price Performance

Shares of NASDAQ ALOT opened at $15.02 on Friday. The stock has a market cap of $112.97 million, a P/E ratio of 17.88 and a beta of 0.55. AstroNova has a twelve month low of $11.82 and a twelve month high of $18.83. The stock has a 50 day moving average of $13.90 and a two-hundred day moving average of $14.87. 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) last released its quarterly earnings results on Monday, September 16th. The business services provider reported $0.08 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%. The firm had revenue of $40.54 million during the quarter.

Hedge Funds Weigh In On AstroNova

A number of hedge funds and other institutional investors have recently made changes to their positions in ALOT. O Shaughnessy Asset Management LLC acquired a new stake in AstroNova during the 1st quarter worth approximately $206,000. Diamond Hill Capital Management Inc. lifted its holdings in shares of AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after purchasing an additional 13,000 shares during the period. Geode Capital Management LLC grew its position 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 buying an additional 6,592 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in AstroNova by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock valued at $6,229,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 43.02% of the company’s stock.

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.

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).