Short Interest in Astronics Corp. (OTCMKTS:ATROB) Increases By 2,046.0%

Astronics Corp. (OTCMKTS:ATROB) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 442,638 shares, a growth of 2,046.0% from the June 15th total of 20,626 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 244,093 shares, the short-interest ratio is currently 1.8 days.

Astronics Stock Performance

Astronics stock traded up $0.69 during midday trading on Friday, hitting $72.29. 98,776 shares of the company were exchanged, compared to its average volume of 41,838. The business has a fifty day simple moving average of $99.60 and a two-hundred day simple moving average of $80.22. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The firm has a market capitalization of $3.11 billion, a PE ratio of 73.52 and a beta of 1.09. Astronics has a fifty-two week low of $22.90 and a fifty-two week high of $91.15.

Astronics (OTCMKTS:ATROB) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $230.62 million during the quarter, compared to analysts’ expectations of $225.52 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%.

Astronics Company Profile

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.