Scientific Industries Inc. (OTCMKTS:SCND) Sees Significant Increase in Short Interest

Scientific Industries Inc. (OTCMKTS:SCND) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 31,300 shares, a growth of 381.5% from the August 31st total of 6,500 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 1.4 days.

Scientific Industries Trading Up 1.4%

OTCMKTS SCND opened at $0.70 on Friday. Scientific Industries has a 1-year low of $0.42 and a 1-year high of $1.39. The company has a market capitalization of $8.35 million, a price-to-earnings ratio of -1.21 and a beta of 0.35. The stock’s 50 day moving average is $0.69 and its two-hundred day moving average is $0.77.

Scientific Industries (OTCMKTS:SCND) last issued its earnings results on Tuesday, August 19th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $2.33 million during the quarter. Scientific Industries had a negative return on equity of 71.75% and a negative net margin of 62.14%.

About Scientific Industries

Scientific Industries, Inc engages in the design, manufacture, and marketing of benchtop laboratory equipment and bioprocessing systems in the United States, Germany, and internationally. It offers vortex mixers to mix the contents of test tubes, beakers, and other containers by placing such containers on a rotating cup or other attachments; and various mixers and shakers, such as high-speed touch mixers, mixers with an integral timer, cell disruptors, bead beaters, microplate mixers, vortex mixers, two large capacity multi-vessel vortex mixers, and orbital shakers.