Scientific Industries Inc. (OTCMKTS:SCND) Short Interest Up ∞ in August

Scientific Industries Inc. (OTCMKTS:SCND) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,100 shares, a growth of ∞ from the August 15th total of 0 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 6,888 shares, the days-to-cover ratio is presently 0.2 days.

Scientific Industries Stock Performance

Shares of SCND opened at $0.80 on Tuesday. The company has a market capitalization of $9.54 million, a P/E ratio of -3.20 and a beta of 0.35. Scientific Industries has a fifty-two week low of $0.30 and a fifty-two week high of $0.88. The business’s 50-day moving average is $0.70 and its two-hundred day moving average is $0.70.

Scientific Industries (OTCMKTS:SCND) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17. Scientific Industries had a negative return on equity of 48.69% and a negative net margin of 12.92%.The company had revenue of $1.47 million during the quarter, compared to the consensus estimate of $2.20 million.

About Scientific Industries

Scientific Industries, Inc (OTCMKTS:SCND) is a manufacturer and distributor of laboratory equipment and life science research tools. The company specializes in the design, development and production of sample mixing and handling instruments, including vortex mixers, tube shakers, decappers and digital homogenizers. These products are employed across a range of settings such as academic research laboratories, pharmaceutical and biotechnology firms, clinical diagnostic centers and industrial quality-control facilities.

Since its inception in the mid-20th century, Scientific Industries has focused on durability, precision and user-friendly design in its portfolio.