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

Electro-Sensors, Inc. (NASDAQ:ELSE – Get Free Report) saw a large decline in short interest during the month of 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 trading volume of 5,725 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Electro-Sensors presently has an average rating of “Hold”.

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Electro-Sensors Stock Performance

Shares of Electro-Sensors stock traded up $0.03 during midday trading on Wednesday, reaching $7.68. 3,403 shares of the company’s stock traded hands, compared to its average volume of 9,586. The stock has a 50 day moving average of $7.60 and a 200-day moving average of $5.48. Electro-Sensors has a 12 month low of $4.05 and a 12 month high of $7.75. The company has a market cap of $27.13 million, a PE ratio of 96.07 and a beta of 0.63.

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

Electro-Sensors Company Profile

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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.

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