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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Electro-Sensors Price Performance

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

Electro-Sensors (NASDAQ:ELSE) last announced its earnings results 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 business 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.