Scientific Industries Inc. (OTCMKTS:SCND) Short Interest Up 381.5% in September

Scientific Industries Inc. (OTCMKTS:SCND) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 31,300 shares, an increase of 381.5% from the August 31st total of 6,500 shares. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is presently 1.4 days.

Scientific Industries Stock Up 1.4%

Scientific Industries stock opened at $0.70 on Thursday. Scientific Industries has a 52 week low of $0.42 and a 52 week high of $1.39. The firm’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.77. The firm has a market capitalization of $8.35 million, a PE ratio of -1.21 and a beta of 0.41.

Scientific Industries (OTCMKTS:SCND) last released its quarterly earnings data on Tuesday, August 19th. The company reported ($0.13) EPS for the quarter. Scientific Industries had a negative return on equity of 71.75% and a negative net margin of 62.14%.The business had revenue of $2.33 million during the quarter.

Scientific Industries Company Profile

Scientific Industries, Inc engages in the design, manufacture, and marketing of benchtop laboratory equipment and bioprocessing systems in the United States, Germany, and internationally. 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, bead beaters, microplate mixers, vortex mixers, two large capacity multi-vessel vortex mixers, and orbital shakers.