Short Interest in Scientific Industries Inc. (OTCMKTS:SCND) Grows By ∞

Scientific Industries Inc. (OTCMKTS:SCND) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,100 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 6,888 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Scientific Industries Price Performance

Shares of OTCMKTS:SCND opened at $0.83 on Wednesday. The firm has a market capitalization of $9.90 million, a price-to-earnings ratio of -3.32 and a beta of 0.35. The business’s 50 day simple moving average is $0.70 and its 200-day simple moving average is $0.70. Scientific Industries has a 12 month low of $0.30 and a 12 month high of $0.88.

Scientific Industries (OTCMKTS:SCND) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.17. The firm had revenue of $1.47 million during the quarter, compared to the consensus estimate of $2.20 million. Scientific Industries had a negative return on equity of 48.69% and a negative net margin of 12.92%.

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.