Short Interest in Electro-Sensors, Inc. (NASDAQ:ELSE) Declines By 44.8%

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 2,209 shares, a decline of 44.8% from the May 31st total of 4,000 shares. Based on an average daily trading volume, of 5,725 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Electro-Sensors has a consensus rating of “Hold”.

Electro-Sensors Trading Up 0.3%

Shares of ELSE stock traded up $0.03 during trading hours on Wednesday, reaching $7.68. 3,403 shares of the company’s stock were exchanged, compared to its average volume of 9,586. Electro-Sensors has a 1 year low of $4.05 and a 1 year high of $7.75. The stock has a market cap of $27.13 million, a PE ratio of 96.07 and a beta of 0.63. The stock’s fifty day moving average price is $7.60 and its two-hundred day moving average price is $5.48.

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

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.