What’s Next for Astronics Corporation (NASDAQ:ATRO) After Having Less Shares Shorted?

November 10, 2018 - By Hazel Jackson

Astronics Corporation (NASDAQ:ATRO) Logo

Investors sentiment increased to 1.3 in 2018 Q2. Its up 0.49, from 0.81 in 2018Q1. It is positive, as 8 investors sold Astronics Corporation shares while 32 reduced holdings. 9 funds opened positions while 43 raised stakes. 19.70 million shares or 3.23% more from 19.09 million shares in 2018Q1 were reported.
Commercial Bank Of Montreal Can holds 0% or 2,929 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,242 shares in its portfolio. Goldman Sachs owns 41,186 shares or 0% of their US portfolio. Franklin Res owns 1.04 million shares. Hgk Asset Management Inc reported 0.11% stake. 17,798 are owned by Manufacturers Life Insur The. Teton Advisors Inc has 0.04% invested in Astronics Corporation (NASDAQ:ATRO) for 13,500 shares. Moreover, Ameritas Invest Ptnrs Incorporated has 0% invested in Astronics Corporation (NASDAQ:ATRO). Gamco Investors Inc Et Al has 14,100 shares. California State Teachers Retirement Sys holds 32,372 shares. Paradice Mngmt Limited Liability Corporation owns 1.55% invested in Astronics Corporation (NASDAQ:ATRO) for 638,225 shares. Neuberger Berman Gp Limited Liability has invested 0.05% in Astronics Corporation (NASDAQ:ATRO). Tealwood Asset owns 59,241 shares. Invesco Ltd reported 0% in Astronics Corporation (NASDAQ:ATRO). 10,047 were reported by Parametric Portfolio Limited Liability.

Since August 22, 2018, it had 0 insider buys, and 1 sale for $543,036 activity.

The stock of Astronics Corporation (NASDAQ:ATRO) registered a decrease of 15.52% in short interest. ATRO’s total short interest was 426,600 shares in November as published by FINRA. Its down 15.52% from 505,000 shares, reported previously. With 70,300 shares average volume, it will take short sellers 6 days to cover their ATRO’s short positions. The short interest to Astronics Corporation’s float is 1.75%.

The stock decreased 1.06% or $0.32 during the last trading session, reaching $29.73. About 82,155 shares traded. Astronics Corporation (NASDAQ:ATRO) has risen 51.84% since November 10, 2017 and is uptrending. It has outperformed by 36.22% the S&P500.

Astronics Corporation, through its subsidiaries, creates and makes products for the aerospace, defense, electronics, and semiconductor industries worldwide. The company has market cap of $903.20 million. It operates in two divisions, Aerospace and Test Systems. It has a 48.34 P/E ratio. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; and system certification and other products.

More recent Astronics Corporation (NASDAQ:ATRO) news were published by: Nasdaq.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within GTT Communications, Eclipse Resources, Fortune …” on October 12, 2018. Also Businesswire.com published the news titled: “Astronics Corporation to Webcast Investor and Analyst Briefing” on November 08, 2018. Seekingalpha.com‘s news article titled: “Astronics Corporation (ATRO) CEO Pete Gundermann on Q3 2018 Results – Earnings Call Transcript” with publication date: November 06, 2018 was also an interesting one.

Astronics Corporation (NASDAQ:ATRO) Institutional Positions Chart

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