Electro-Sensors, Inc. (NASDAQ:ELSE) Short Interest Update

Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,209 shares, a decline of 44.8% from the May 31st total of 4,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,725 shares, the short-interest ratio is presently 0.4 days.

Electro-Sensors Price Performance

ELSE traded up $0.01 during trading hours on Thursday, hitting $7.67. 4,107 shares of the stock were exchanged, compared to its average volume of 9,554. The stock has a market cap of $27.09 million, a price-to-earnings ratio of 95.95 and a beta of 0.63. The stock has a 50-day simple moving average of $7.66 and a 200-day simple moving average of $5.51. Electro-Sensors has a 12 month low of $4.05 and a 12 month high of $7.75.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Electro-Sensors has an average 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.