Electro-Sensors, Inc. (NASDAQ:ELSE) Sees Large Increase in Short Interest

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a significant 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 shares of the company are short sold. Based on an average daily volume of 12,173 shares, the days-to-cover ratio is currently 0.3 days.

Electro-Sensors Trading Up 1.0%

Shares of ELSE stock traded up $0.08 during trading hours on Thursday, reaching $7.70. The stock had a trading volume of 6,316 shares, compared to its average volume of 10,330. The stock’s fifty day simple moving average is $6.68 and its 200 day simple moving average is $5.18. Electro-Sensors has a 12 month low of $4.04 and a 12 month high of $7.71. The firm has a market capitalization of $27.18 million, a PE ratio of 96.26 and a beta of 0.63.

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. Electro-Sensors had a net margin of 2.42% and a return on equity of 1.73%. The firm had revenue of $2.58 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One 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 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.