Astrotech Corporation (NASDAQ:ASTC) Traded 45.3% Above Its 50 Day Moving Average

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It is trading at $1.09 which is impressively higher than $0.75, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $1.03. The 50 day moving average went up $0.34 or +44.73% whereas the 200 day moving average was up $0.06 or +5.70%. Trading volume for Astrotech Corporation was 404K on Thursday. Shares saw a steep increase in trading volume of 709.29% over the normal average daily volume.

Traders are more bearish recently if you take into consideration the uptick in short interest. The stock had a rise in short interest of 74.41% as of August 31, 2017 from the last reporting period. Short interest grew from 23,560 to 41,090 over that timeframe. The days to cover increased to 1.0 and the percentage of shorted shares is 0.00% as of August 31.

Here are a few substantial investment firms who have updated their positions. Kcg Holdings, Inc. augmented its position by buying 5,185 shares an increase of 49.3% from 03/31/2017 to 06/30/2017. Kcg Holdings, Inc. now holds 15,698 shares valued at $14,000. The total value of its holdings decreased 0.0%. As of the end of the quarter Boothbay Fund Management, LLC had acquired a total of 67,048 shares growing its stake by 83.7%. The value of the investment in ASTC increased from $105,000 to $134,000 a change of $29,000 quarter over quarter.

Ubs Group Ag bolstered its stake by buying 2,389 shares an increase of 368.1% as of 06/30/2017. Ubs Group Ag claims 3,038 shares worth $3,000. The value of the position overall is up by 200.0%. As of quarter end Beck Capital Management, LLC had sold 166,940 shares trimming its holdings by 8.4%. The value of the investment in Astrotech Corporation went from $2,598,000 to $1,726,000 a change of 33.6% quarter to quarter.

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..

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