Scientific Industries Inc. (OTCMKTS:SCND) Sees Large Growth in Short Interest

Scientific Industries Inc. (OTCMKTS:SCND) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 94 shares, an increase of ? from the May 14th total of 0 shares. Based on an average daily volume of 891 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Scientific Industries Stock Performance

OTCMKTS SCND opened at $0.69 on Tuesday. The firm has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.66. Scientific Industries has a one year low of $0.30 and a one year high of $0.98. The firm has a market cap of $8.17 million, a price-to-earnings ratio of -2.45 and a beta of 0.28.

Scientific Industries (OTCMKTS:SCND) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.14. Scientific Industries had a negative net margin of 19.29% and a negative return on equity of 54.47%. The business had revenue of $1.23 million during the quarter, compared to analyst estimates of $2.20 million.

About Scientific Industries

Scientific Industries, Inc (OTCMKTS:SCND) is a manufacturer and distributor of laboratory equipment and life science research tools. The company specializes in the design, development and production of sample mixing and handling instruments, including vortex mixers, tube shakers, decappers and digital homogenizers. These products are employed across a range of settings such as academic research laboratories, pharmaceutical and biotechnology firms, clinical diagnostic centers and industrial quality-control facilities.

Since its inception in the mid-20th century, Scientific Industries has focused on durability, precision and user-friendly design in its portfolio.