Electro-Sensors, Inc. (NASDAQ:ELSE) Short Interest Update

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a significant decrease in short interest in 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,932 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Electro-Sensors from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Electro-Sensors Stock Up 0.3%

Shares of ELSE traded up $0.03 during midday trading on Monday, hitting $7.66. The company’s stock had a trading volume of 5,501 shares, compared to its average volume of 10,399. Electro-Sensors has a one year low of $3.75 and a one year high of $7.68. The company’s fifty day simple moving average is $5.49 and its two-hundred day simple moving average is $4.80. The stock has a market capitalization of $27.02 million, a price-to-earnings ratio of 95.70 and a beta of 0.64.

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

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.