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Shares of Electro Scientific Industries (NASDAQ:ESIO) were the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 1,191,730 shares, an increase of 31.8% from the May 30th total of 904,137 shares, Analyst Ratings News reports. Currently, 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 137,102 shares, the days-to-cover ratio is presently 8.7 days.

ESIO has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Electro Scientific Industries from a “buy” rating to a “sell” rating in a research note on Thursday, May 15th. Separately, analysts at DA Davidson cut their price target on shares of Electro Scientific Industries from $13.00 to $10.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital reiterated a “buy” rating on shares of Electro Scientific Industries in a research note on Wednesday, May 14th. They now have a $10.00 price target on the stock, down previously from $13.00. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Electro Scientific Industries has a consensus rating of “Hold” and a consensus target price of $11.90.

Electro Scientific Industries (NASDAQ:ESIO) opened at 6.92 on Thursday. Electro Scientific Industries has a 52-week low of $6.43 and a 52-week high of $12.80. The stock’s 50-day moving average is $7.06 and its 200-day moving average is $9.02. The company’s market cap is $208.9 million.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $37.10 million for the quarter, compared to the consensus estimate of $37.00 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Electro Scientific Industries will post $-0.74 earnings per share for the current fiscal year.

Electro Scientific Industries, Inc (NASDAQ:ESIO) is a supplier of laser-based manufacturing solutions for the microtechnology industry.

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