Electro-Sensors, Inc. (NASDAQ:ELSE) Short Interest Update

Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 786 shares, a decrease of 57.6% from the June 30th total of 1,852 shares. Based on an average trading volume of 7,824 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Electro-Sensors Price Performance

Shares of ELSE stock opened at $7.72 on Monday. The company has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $5.92. Electro-Sensors has a one year low of $4.05 and a one year high of $7.75. The stock has a market cap of $27.25 million, a P/E ratio of 96.51 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) earnings per share for the quarter. The firm had revenue of $2.58 million for the quarter. Electro-Sensors had a return on equity of 1.73% and a net margin of 2.42%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded 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 data from MarketBeat, the company 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.