Electro-Sensors, Inc. (NASDAQ:ELSE) Sees Significant Drop in Short Interest

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,209 shares, a drop of 44.8% from the May 31st total of 4,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,725 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

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

Electro-Sensors Stock Up 0.1%

ELSE stock opened at $7.67 on Friday. The firm has a market capitalization of $27.11 million, a PE ratio of 95.95 and a beta of 0.63. Electro-Sensors has a twelve month low of $4.05 and a twelve month high of $7.75. The stock’s 50 day moving average is $7.66 and its 200-day moving average is $5.53.

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

Electro-Sensors Company Profile

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.