Could Astronova Inc (NASDAQ:ALOT) Change Direction After Less Shorts?

October 2, 2018 - By Richard Conner

AstroNova, Inc. (NASDAQ:ALOT) Logo

Investors sentiment increased to 2 in 2018 Q2. Its up 1.08, from 0.92 in 2018Q1. It improved, as 5 investors sold AstroNova, Inc. shares while 7 reduced holdings. 10 funds opened positions while 14 raised stakes. 3.82 million shares or 7.38% more from 3.56 million shares in 2018Q1 were reported.
Ariel Investments Ltd Liability Co has invested 0.11% in AstroNova, Inc. (NASDAQ:ALOT). Boston Partners holds 28,675 shares. Kennedy Capital Mgmt has 248,699 shares. Retail Bank Of Montreal Can reported 4,792 shares. Morgan Stanley has 1,752 shares for 0% of their portfolio. Berson Corrado Advisors Limited Liability Corp has 15,100 shares for 0.17% of their portfolio. Washington Trust reported 0% stake. 22,215 are held by Blackrock. Shufro Rose And Ltd reported 10,879 shares or 0.02% of all its holdings. State Common Retirement Fund holds 0% of its portfolio in AstroNova, Inc. (NASDAQ:ALOT) for 100,172 shares. Northern Corporation has invested 0% in AstroNova, Inc. (NASDAQ:ALOT). Jpmorgan Chase And invested in 13,309 shares or 0% of the stock. California Public Employees Retirement Sys invested in 0% or 19,382 shares. Dimensional Fund Advsrs Limited Partnership has 540,208 shares. Bank Of America De, a North Carolina-based fund reported 277 shares.

Since June 11, 2018, it had 0 insider purchases, and 2 insider sales for $164,912 activity. Natalizia Michael J sold $76,400 worth of stock.

The stock of Astronova Inc (NASDAQ:ALOT) registered a decrease of 17.74% in short interest. ALOT’s total short interest was 5,100 shares in October as published by FINRA. Its down 17.74% from 6,200 shares, reported previously. With 30,800 shares average volume, it will take short sellers 0 days to cover their ALOT’s short positions. The short interest to Astronova Inc’s float is 0.09%.

The stock decreased 0.46% or $0.1 during the last trading session, reaching $21.5. About 17,862 shares traded. AstroNova, Inc. (NASDAQ:ALOT) has risen 66.17% since October 2, 2017 and is uptrending. It has outperformed by 50.55% the S&P500.

AstroNova, Inc. designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, and Western Europe. The company has market cap of $148.86 million. The firm operates in two divisions, Product Identification and Test & Measurement. It has a 36.2 P/E ratio. The Product Identification segment offers digital color label printers and specialty OEM printing systems; and consumables, such as labels, tags, inks, toner, and thermal transfer ribbons, as well as software used to design and print labels under the QuickLabel brand.

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