Astrotech Corporation (NASDAQ:ASTC) Stock Closed Well Above Its 50 Day Moving Average

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Company shares last traded at $0.99 which is impressively higher than the 50 day moving average which is $0.75 and which is just a bit below the 200 day moving average of $1.03. The 50 day moving average was up $0.24 and the 200 day average moved down $-0.04. Astrotech Corporation shares had a trading volume of 1,214 in the last trading session. Shares saw a steep decrease in trading volume of 97.57% under the normal average daily volume.

Traders are a little more bearish on the company recently if you watch the motion in short interest. The firm had a rise in short interest of 74.41% as of August 31, 2017 from the last reporting period. Short interest grew 17,530 over that timeframe. Days to cover increased 1.0 to 1.0 and the short interest percentage is 0.00% as of August 31.

A few notable investment firms have updated their holdings. Kcg Holdings, Inc. added to its ownership by buying 5,185 shares an increase of 49.3% from 03/31/2017 to 06/30/2017. Kcg Holdings, Inc. currently owns 15,698 shares worth $14,000. The value of the position overall is down by 0.0%. Boothbay Fund Management, LLC augmented its position by buying 67,048 shares an increase of 83.7%. Boothbay Fund Management, LLC 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% in the quarter. Ubs Group Ag now holds 3,038 shares with a value of $3,000. The value of the position overall is up by 200.0%. Beck Capital Management, LLC cut its investment by selling 166,940 shares a decrease of 8.4% as of 06/30/2017. Beck Capital Management, LLC claims 1,816,517 shares worth $1,726,000. The value of the position overall is down by 33.6%.

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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