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

Electro-Sensors, Inc. (NASDAQ:ELSE) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 951 shares, a decrease of 53.3% from the April 30th total of 2,035 shares. Based on an average daily volume of 6,032 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Electro-Sensors Stock Performance

Shares of NASDAQ:ELSE traded up $0.01 during trading hours on Friday, reaching $7.68. The stock had a trading volume of 9,104 shares, compared to its average volume of 8,716. Electro-Sensors has a 1 year low of $4.01 and a 1 year high of $7.69. The firm’s 50 day moving average is $6.17 and its 200-day moving average is $5.01. The stock has a market capitalization of $27.13 million, a price-to-earnings ratio of 96.01 and a beta of 0.64.

Electro-Sensors (NASDAQ:ELSE) last announced its quarterly earnings data on Thursday, May 14th. The scientific and technical instruments company reported ($0.03) EPS for the quarter. Electro-Sensors had a net margin of 2.42% and a return on equity of 1.73%. The firm had revenue of $2.58 million during the quarter.

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.