(NASDAQ:ASTC) shares saw heavy trading volume with 404K shares changing hands in the last trading session. Volume was up 709.29% over the stocks average daily volume.
Traders are a little more bearish on Astrotech Corporation of late as evidenced by the increase in short interest. The company recorded a rise in short interest of 74.41% as of August 31, 2017 from the last reporting period. Short shares grew 17,530 over that timeframe. With short interest at 41,090 and short average daily volume at 29,796, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of August 31.
A few notable investment firms have updated their holdings. As of the end of the quarter Kcg Holdings, Inc. had bought a total of 5,185 shares growing its holdings by 49.3%. The value of the company’s investment in Astrotech Corporation went from $14,000 to $14,000 a change of $0 quarter to quarter. Boothbay Fund Management, LLC augmented its position by buying 67,048 shares an increase of 83.7% in the quarter. Boothbay Fund Management, LLC currently owns 147,151 shares valued at $134,000. The total value of its holdings increased 27.6%.
Ubs Group Ag expanded its stake by buying 2,389 shares an increase of 368.1% as of 06/30/2017. Ubs Group Ag claims 3,038 shares with a value of $3,000. The value of the position overall is up by 200.0%. Beck Capital Management, LLC trimmed its holdings by shedding 166,940 shares a decrease of 8.4% from 03/31/2017 to 06/30/2017. Beck Capital Management, LLC controls 1,816,517 shares worth $1,726,000. The total value of its holdings decreased 33.6%.
In the market the company is trading up since yesterday’s close of 0.94. It is currently trading at $1.09 which is well above $0.75, the 50 day moving average and which is a tad above the 200 day moving average of $1.03. The 50 day moving average was up $0.34 or +44.73% whereas the 200 day average was up by +5.70%.
Astrotech Corporation, launched on August 22, 1984, is a science and technology development and commercialization company. The Company invents, acquires and commercializes technological innovations sourced from internal research, universities, laboratories and research institutions. The Company operates through two business units: Astro Scientific and Astral Images Corporation (Astral). The Astro Scientific is a technology incubator that commercializes technologies, and includes the operations of subsidiaries, such as 1st Detect Corporation (1st Detect) and Astrogenetix, Inc. (Astrogenetix). Astral enables film restoration, enhancement and digitization using an automated process that algorithmically removes dust, scratches and defects to restore it to its original condition. The Business’s product portfolio consists of MMS-1000 and OEM-1000..