Astra investigating 'potential illegal short selling' as delisting deadline looms
Publishing timestamp: 2023-03-10 09:35:47
Summary
Astra, a spacecraft engine manufacturer and small rocket builder, is investigating potential illegal short selling among shareholders of its common stock. The company has hired financial software firm ShareIntel to assist with its review of suspicious trading activity. Astra is facing a delisting deadline from Nasdaq and has until April 4 to return its stock price above $1 per share for at least ten consecutive business days. The company is expected to report fourth-quarter results on March 30.
Sentiment: NEUTRAL
Tickers: ASTR,
Keywords: business, breaking news: technology, space industry, astra space inc, the edge, aerospace and defense industry, transportation, technology, business news, stock markets, breaking news: business,