Scientific Industries Inc. (OTCMKTS:SCND) Sees Large Growth in Short Interest

Scientific Industries Inc. (OTCMKTS:SCND) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 94 shares, an increase of ∞ from the May 14th total of 0 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 891 shares, the short-interest ratio is presently 0.1 days.

Scientific Industries Stock Performance

SCND stock opened at $0.75 on Friday. The firm has a market cap of $8.89 million, a P/E ratio of -2.66 and a beta of 0.28. Scientific Industries has a 12-month low of $0.30 and a 12-month high of $0.98. The stock’s 50 day simple moving average is $0.72 and its 200 day simple moving average is $0.66.

Scientific Industries (OTCMKTS:SCND) last issued its earnings results on Friday, May 15th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.14. Scientific Industries had a negative return on equity of 54.47% and a negative net margin of 19.29%.The firm had revenue of $1.23 million for the quarter, compared to analyst estimates of $2.20 million.

About Scientific Industries

Scientific Industries, Inc (OTCMKTS:SCND) is a manufacturer and distributor of laboratory equipment and life science research tools. The company specializes in the design, development and production of sample mixing and handling instruments, including vortex mixers, tube shakers, decappers and digital homogenizers. These products are employed across a range of settings such as academic research laboratories, pharmaceutical and biotechnology firms, clinical diagnostic centers and industrial quality-control facilities.

Since its inception in the mid-20th century, Scientific Industries has focused on durability, precision and user-friendly design in its portfolio.