Electro-Sensors, Inc. (NASDAQ:ELSE) Sees Large Decrease in Short Interest

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 951 shares, a drop of 53.3% from the April 30th total of 2,035 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,032 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Electro-Sensors Stock Up 0.1%

ELSE traded up $0.01 on Tuesday, reaching $7.68. 9,370 shares of the company traded hands, compared to its average volume of 10,583. Electro-Sensors has a one year low of $4.01 and a one year high of $7.69. The firm has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $5.03. The company has a market cap of $27.11 million, a P/E ratio of 96.01 and a beta of 0.63.

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

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.