Scientific Industries Inc. (OTCMKTS:SCND – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 350 shares, a decline of 68.2% from the September 15th total of 1,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,356 shares, the short-interest ratio is currently 0.1 days.
Scientific Industries Stock Performance
Shares of SCND stock remained flat at $0.68 on Tuesday. The company has a market cap of $8.16 million, a PE ratio of -2.74 and a beta of 0.20. The firm’s 50 day simple moving average is $0.75 and its 200-day simple moving average is $0.70. Scientific Industries has a 1-year low of $0.30 and a 1-year high of $0.88.
Scientific Industries (OTCMKTS:SCND – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. The company 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 develops, manufactures and markets laboratory equipment used in life science, pharmaceutical, biotechnology and industrial research applications. Its products are designed to support routine laboratory processes such as mixing, stirring, homogenizing, shaking and sample preparation.
The company is known for its Genie line of benchtop laboratory instruments, which includes vortex mixers, magnetic stirrers, orbital shakers and homogenizers. Its equipment is used by research institutions, universities, pharmaceutical companies, biotechnology firms and other laboratory customers.
Scientific Industries serves customers through distributors and other sales channels in the United States and international markets.
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