Electro-Sensors, Inc. (NASDAQ:ELSE) Sees Significant Decline in Short Interest

Electro-Sensors, Inc. (NASDAQ:ELSE) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,035 shares, a decrease of 39.7% from the April 15th total of 3,376 shares. Based on an average trading volume of 55,932 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Electro-Sensors Stock Performance

Shares of Electro-Sensors stock opened at $7.66 on Tuesday. The firm’s 50-day simple moving average is $5.56 and its 200-day simple moving average is $4.82. Electro-Sensors has a twelve month low of $3.75 and a twelve month high of $7.68. The firm has a market cap of $27.04 million, a P/E ratio of 95.75 and a beta of 0.64.

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. The firm had revenue of $2.58 million for the quarter. Electro-Sensors had a return on equity of 1.73% and a net margin of 2.42%.

About Electro-Sensors

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.