Electro-Sensors, Inc. (NASDAQ:ELSE) Short Interest Up 320.6% in May

Electro-Sensors, Inc. (NASDAQ:ELSE) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,000 shares, an increase of 320.6% from the May 14th total of 951 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 12,173 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

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

Electro-Sensors Stock Down 0.2%

Shares of Electro-Sensors stock traded down $0.02 during trading on Friday, reaching $7.69. The company’s stock had a trading volume of 1,799 shares, compared to its average volume of 9,396. The business’s 50-day moving average price is $6.81 and its 200-day moving average price is $5.22. The firm has a market cap of $27.13 million, a PE ratio of 96.07 and a beta of 0.63. Electro-Sensors has a 52 week low of $4.04 and a 52 week high of $7.75.

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

Electro-Sensors Company Profile

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.