Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Increases By 20.0%

AstroNova, Inc. (NASDAQ:ALOT) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 8,211 shares, an increase of 20.0% from the February 26th total of 6,843 shares. Based on an average daily trading volume, of 18,144 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

AstroNova Stock Performance

ALOT stock opened at $9.30 on Tuesday. The company has a 50 day moving average price of $9.12 and a 200 day moving average price of $9.02. AstroNova has a fifty-two week low of $6.96 and a fifty-two week high of $12.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.82 and a quick ratio of 0.71. The stock has a market capitalization of $71.05 million, a PE ratio of -4.17 and a beta of 0.73.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AstroNova in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On AstroNova

Several large investors have recently made changes to their positions in ALOT. Vanguard Group Inc. boosted its holdings in AstroNova by 2.8% in the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after acquiring an additional 9,533 shares during the last quarter. Renaissance Technologies LLC increased its position in AstroNova by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after purchasing an additional 1,207 shares during the period. Geode Capital Management LLC raised its holdings in AstroNova by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,036 shares during the last quarter. Susquehanna International Group LLP bought a new stake in AstroNova during the 3rd quarter worth about $143,000. Finally, Jane Street Group LLC acquired a new position in AstroNova during the 2nd quarter valued at about $140,000. Institutional investors and hedge funds own 43.02% of the company’s stock.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.