Scientific Industries Inc. (OTCMKTS:SCND) Sees Significant Decline in Short Interest

Scientific Industries Inc. (OTCMKTS:SCND) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 900 shares, a decline of 25.0% from the June 30th total of 1,200 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.5 days.

Scientific Industries Stock Down 5.6%

SCND opened at $0.52 on Thursday. The business has a fifty day moving average of $0.70 and a 200 day moving average of $0.88. The stock has a market cap of $6.00 million, a P/E ratio of -0.91 and a beta of 0.31. Scientific Industries has a 52-week low of $0.42 and a 52-week high of $2.25.

Scientific Industries (OTCMKTS:SCND) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.16) EPS for the quarter. The company had revenue of $2.41 million during the quarter. Scientific Industries had a negative return on equity of 62.51% and a negative net margin of 58.04%.

About Scientific Industries

Scientific Industries, Inc engages in the design, manufacture, and marketing of benchtop laboratory equipment and bioprocessing systems in the United States, Germany, and internationally. It offers vortex mixers to mix the contents of test tubes, beakers, and other containers by placing such containers on a rotating cup or other attachments; and various mixers and shakers, such as high-speed touch mixers, mixers with an integral timer, cell disruptors, bead beaters, microplate mixers, vortex mixers, two large capacity multi-vessel vortex mixers, and orbital shakers.