Electro-Sensors, Inc. (NASDAQ:ELSE) Sees Significant Growth in Short Interest

Electro-Sensors, Inc. (NASDAQ:ELSE) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,000 shares, a growth of 320.6% from the May 14th total of 951 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 12,173 shares, the short-interest ratio is presently 0.3 days.

Electro-Sensors Price Performance

ELSE stock opened at $7.69 on Friday. The company has a market capitalization of $27.13 million, a PE ratio of 96.07 and a beta of 0.63. Electro-Sensors has a 12 month low of $4.04 and a 12 month high of $7.75. The firm’s 50-day moving average is $6.81 and its 200 day moving average is $5.22.

Electro-Sensors (NASDAQ:ELSE) last issued its 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 return on equity of 1.73% and a net margin of 2.42%.The business had revenue of $2.58 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.