Short Interest in Electro-Sensors, Inc. (NASDAQ:ELSE) Declines By 39.7%

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a large 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 short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Electro-Sensors has an average rating of “Hold”.

Electro-Sensors Stock Up 0.1%

ELSE traded up $0.01 on Friday, hitting $7.65. The company’s stock had a trading volume of 9,363 shares, compared to its average volume of 34,057. The company’s 50 day simple moving average is $5.49 and its 200-day simple moving average is $4.80. The firm has a market cap of $26.99 million, a P/E ratio of 95.57 and a beta of 0.64. Electro-Sensors has a 12 month low of $3.72 and a 12 month high of $7.68.

Electro-Sensors (NASDAQ:ELSE) last released its quarterly earnings data on Thursday, May 14th. The scientific and technical instruments company reported ($0.03) EPS for the quarter. The business 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.