Scientific Industries, Inc. (OTCMKTS:SCND) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 700 shares, an increase of 600.0% from the December 15th total of 100 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 0.1 days.

OTCMKTS:SCND remained flat at $$8.05 during mid-day trading on Wednesday. 147 shares of the company traded hands, compared to its average volume of 616. The firm’s 50-day moving average is $8.04 and its 200-day moving average is $8.12. The company has a market cap of $12.10 million, a P/E ratio of -17.50 and a beta of 0.07. Scientific Industries has a 12 month low of $5.58 and a 12 month high of $12.00.

Scientific Industries (OTCMKTS:SCND) last issued its quarterly earnings data on Sunday, November 22nd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.27. Scientific Industries had a negative net margin of 8.20% and a negative return on equity of 9.25%. The company had revenue of $2.16 million during the quarter, compared to analysts’ expectations of $1.90 million.

Separately, KeyCorp initiated coverage on shares of Scientific Industries in a research note on Monday, November 9th. They set a “sector weight” rating and a $8.00 price objective for the company.

In other news, Director Marcus Frampton sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $8.03, for a total value of $65,043.00. Insiders own 31.90% of the company’s stock.

Scientific Industries Company Profile

Scientific Industries, Inc designs, manufactures, and markets benchtop laboratory equipment, bioprocessing systems and products, and catalyst research instruments worldwide. 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, microplate mixers, vortex mixers incorporating digital control and display, multi-vessel vortex mixers, and orbital shakers.

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