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

Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 786 shares, a decline of 57.6% from the June 30th total of 1,852 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,824 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Electro-Sensors currently has an average rating of “Hold”.

Electro-Sensors Stock Performance

Shares of ELSE stock opened at $7.72 on Monday. The company has a market capitalization of $27.25 million, a price-to-earnings ratio of 96.51 and a beta of 0.63. The company has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $5.92. Electro-Sensors has a 52 week low of $4.05 and a 52 week high of $7.75.

Electro-Sensors (NASDAQ:ELSE) last announced its quarterly earnings results on Thursday, May 14th. The scientific and technical instruments company reported ($0.03) EPS for the quarter. The company had revenue of $2.58 million during the quarter. Electro-Sensors had a net margin of 2.42% and a return on equity of 1.73%.

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.