Scientific Industries Inc. (OTCMKTS:SCND – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 350 shares, a decrease of 68.2% from the September 15th total of 1,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,356 shares, the short-interest ratio is currently 0.1 days.
Scientific Industries Stock Performance
Scientific Industries stock opened at $0.68 on Wednesday. Scientific Industries has a fifty-two week low of $0.30 and a fifty-two week high of $0.88. The firm’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $0.70. The stock has a market cap of $8.16 million, a PE ratio of -2.74 and a beta of 0.20.
Scientific Industries (OTCMKTS:SCND – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.17. Scientific Industries had a negative net margin of 12.92% and a negative return on equity of 48.69%. The firm had revenue of $1.47 million for the quarter, compared to analysts’ expectations of $2.20 million.
About Scientific Industries
Scientific Industries, Inc develops, manufactures and markets laboratory equipment used in life science, pharmaceutical, biotechnology and industrial research applications. Its products are designed to support routine laboratory processes such as mixing, stirring, homogenizing, shaking and sample preparation.
The company is known for its Genie line of benchtop laboratory instruments, which includes vortex mixers, magnetic stirrers, orbital shakers and homogenizers. Its equipment is used by research institutions, universities, pharmaceutical companies, biotechnology firms and other laboratory customers.
Scientific Industries serves customers through distributors and other sales channels in the United States and international markets.
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