Electro-Sensors, Inc. (NASDAQ:ELSE) Sees Large Decrease in Short Interest

Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 786 shares, a drop of 57.6% from the June 30th total of 1,852 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 7,824 shares, the short-interest ratio is currently 0.1 days.

Electro-Sensors Stock Up 0.1%

Electro-Sensors stock traded up $0.01 during mid-day trading on Tuesday, hitting $7.72. 1,851 shares of the company’s stock were exchanged, compared to its average volume of 9,826. The company’s 50 day simple moving average is $7.69 and its 200-day simple moving average is $5.94. The firm has a market capitalization of $27.28 million, a P/E ratio of 96.57 and a beta of 0.63. Electro-Sensors has a fifty-two week low of $4.05 and a fifty-two week high of $7.75.

Electro-Sensors (NASDAQ:ELSE) last posted its earnings results on Thursday, May 14th. The scientific and technical instruments company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $2.58 million during the quarter. Electro-Sensors had a net margin of 2.42% and a return on equity of 1.73%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Electro-Sensors

Electro-Sensors, Inc engages in the manufacture and selling of industrial production monitoring and process control systems. Its products include shaft speed witches; wireless hazard monitoring; temperature sensor; slide gate and angle position; bearing sensors and belt alignment; and motor drive control. The company was founded by James P. Slattery in 1965 and is headquartered in Minnetonka, MN.