Short Interest in Electro-Sensors, Inc. (NASDAQ:ELSE) Declines By 39.7%

Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a large 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. Based on an average daily volume of 55,932 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

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

Electro-Sensors Price Performance

Shares of Electro-Sensors stock traded up $0.01 during trading hours on Friday, hitting $7.65. 9,363 shares of the company’s stock traded hands, compared to its average volume of 34,057. Electro-Sensors has a 12-month low of $3.72 and a 12-month high of $7.68. The stock has a market capitalization of $26.99 million, a price-to-earnings ratio of 95.57 and a beta of 0.64. The company has a fifty day simple moving average of $5.49 and a 200-day simple moving average of $4.80.

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