Scientific Industries, Inc. (OTCMKTS:SCND) Short Interest Update
Scientific Industries, Inc. (OTCMKTS:SCND) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 700 shares, a growth of 600.0% from the December 15th total of 100 shares. Based on an average trading volume of 7,000 shares, the short-interest ratio is presently 0.1 days.
Separately, KeyCorp started coverage on shares of Scientific Industries in a report on Monday, November 9th. They issued a “sector weight” rating and a $8.00 price target for the company.
In other Scientific Industries news, Director Marcus Frampton sold 8,100 shares of Scientific Industries stock in a transaction on Friday, December 11th. The shares were sold at an average price of $8.03, for a total transaction of $65,043.00. 31.90% of the stock is currently owned by insiders.
Scientific Industries (OTCMKTS:SCND) last announced its earnings results on Sunday, November 22nd. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.27. Scientific Industries had a negative net margin of 8.20% and a negative return on equity of 9.25%. The firm had revenue of $2.16 million during the quarter, compared to analyst estimates of $1.90 million.
About Scientific Industries
Scientific Industries, Inc designs, manufactures, and markets benchtop laboratory equipment, bioprocessing systems and products, and catalyst research instruments worldwide. It offers vortex mixers to mix the contents of test tubes, beakers, and other containers by placing such containers on a rotating cup or other attachments; and various mixers and shakers, such as high speed touch mixers, mixers with an integral timer, cell disruptors, microplate mixers, vortex mixers incorporating digital control and display, multi-vessel vortex mixers, and orbital shakers.
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