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

Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 7,138 shares, an increase of 586.3% from the March 15th total of 1,040 shares. Based on an average daily trading volume, of 5,995 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

Electro-Sensors Stock Up 1.1%

NASDAQ ELSE traded up $0.05 on Friday, hitting $4.48. The stock had a trading volume of 6,934 shares, compared to its average volume of 4,888. Electro-Sensors has a one year low of $3.65 and a one year high of $5.29. The stock has a market cap of $15.81 million, a price-to-earnings ratio of 49.78 and a beta of 0.08. The company’s 50-day moving average is $4.34 and its two-hundred day moving average is $4.48.

Electro-Sensors (NASDAQ:ELSE) last released its earnings results on Monday, March 30th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter. Electro-Sensors had a net margin of 3.02% and a return on equity of 2.10%. The company had revenue of $2.76 million during the quarter.

Analyst Ratings Changes

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

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.