Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Expands By 33.3%

AstroNova, Inc. (NASDAQ:ALOT) experienced a 33.3% increase in short interest in May, totaling 12,400 shares as of May 15th, compared to 9,300 shares on April 30th. Currently, 0.2% of the company's shares are sold short, with a days-to-cover ratio of 0.9 days based on an average daily volume of 14,000 shares. The stock opened at $9.31, with a market cap of $70.72 million and a P/E ratio of 18.62. Recent insider trading saw Director Richard S. Warzala purchase 20,000 shares at $8.07 each, increasing his stake significantly.

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,400 shares, a growth of 33.3% from the April 30th total of 9,300 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily volume of 14,000 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on AstroNova in a report on Tuesday, May 20th. They issued a "buy" rating on the stock.

Get Our Latest Report on AstroNova

AstroNova Stock Down 0.2%

Shares of NASDAQ:ALOT opened at $9.31 on Monday. The business's 50 day simple moving average is $8.72 and its two-hundred day simple moving average is $11.12. The firm has a market cap of $70.72 million, a P/E ratio of 18.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a 52-week low of $7.53 and a 52-week high of $18.25.

AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $37.36 million for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Insider Buying and Selling

In other AstroNova news, Director Richard S. Warzala bought 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The stock was acquired at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the purchase, the director now directly owns 60,385 shares of the company's stock, valued at approximately $487,306.95. This trade represents a 49.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 17.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALOT. Bridgeway Capital Management LLC boosted its holdings in AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after acquiring an additional 2,574 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock valued at $785,000 after purchasing an additional 8,314 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock valued at $847,000 after purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of AstroNova by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock valued at $883,000 after purchasing an additional 12,519 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of AstroNova in the fourth quarter valued at approximately $1,536,000. Institutional investors own 43.02% of the company's stock.

About AstroNova

(Get Free Report)

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).

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