Scientific Industries, Inc. (OTCMKTS:SCND) Sees Significant Decline in Short Interest

Scientific Industries, Inc. (OTCMKTS:SCND) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 25.0% from the March 15th total of 400 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Scientific Industries Price Performance

OTCMKTS SCND remained flat at $0.90 on Friday. Scientific Industries has a one year low of $0.62 and a one year high of $2.25. The business’s fifty day moving average price is $1.01 and its 200 day moving average price is $1.03. The stock has a market capitalization of $6.28 million, a P/E ratio of -1.47 and a beta of 0.42.

Scientific Industries (OTCMKTS:SCND) last announced its earnings results on Monday, March 31st. The company reported ($0.18) earnings per share for the quarter. Scientific Industries had a negative net margin of 63.35% and a negative return on equity of 54.88%. The business had revenue of $2.81 million for the quarter.

About Scientific Industries

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.