Short Interest in Electro-Sensors, Inc. (NASDAQ:ELSE) Declines By 57.6%

Electro-Sensors, Inc. (NASDAQ:ELSE) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 786 shares, a decline of 57.6% from the June 30th total of 1,852 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,824 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded 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”.

Electro-Sensors Price Performance

Shares of Electro-Sensors stock traded up $0.01 during trading on Wednesday, hitting $7.75. The company’s stock had a trading volume of 148,213 shares, compared to its average volume of 11,011. The stock has a market cap of $27.34 million, a price-to-earnings ratio of 96.82 and a beta of 0.63. Electro-Sensors has a 52 week low of $4.05 and a 52 week high of $7.75. The stock has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $5.97.

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

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.