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

Electro-Sensors, Inc. (NASDAQ:ELSE) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,000 shares, an increase of 320.6% from the May 14th total of 951 shares. Based on an average daily volume of 12,173 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Electro-Sensors Price Performance

NASDAQ:ELSE traded up $0.08 on Thursday, reaching $7.70. 6,316 shares of the company’s stock were exchanged, compared to its average volume of 10,330. The firm has a market cap of $27.18 million, a price-to-earnings ratio of 96.26 and a beta of 0.63. Electro-Sensors has a 52 week low of $4.04 and a 52 week high of $7.71. The stock has a fifty day simple moving average of $6.68 and a 200-day simple moving average of $5.18.

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

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 research note 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”.

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.