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

Electro-Sensors, Inc. (NASDAQ:ELSE) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 4,200 shares, a drop of 36.4% from the August 30th total of 6,600 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Separately, TheStreet raised shares of Electro-Sensors from a “c+” rating to a “b-” rating in a research note on Monday, September 16th.

Shares of ELSE stock traded down $0.06 during trading hours on Friday, hitting $3.80. 900 shares of the company’s stock traded hands, compared to its average volume of 2,533. The stock’s 50 day simple moving average is $3.88 and its 200 day simple moving average is $3.58. The stock has a market cap of $13.11 million, a PE ratio of 38.60 and a beta of 0.26. Electro-Sensors has a 12 month low of $3.11 and a 12 month high of $4.01.

Electro-Sensors (NASDAQ:ELSE) last posted its quarterly earnings data on Monday, August 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter. Electro-Sensors had a net margin of 3.71% and a return on equity of 2.41%. The company had revenue of $2.26 million during the quarter.

A hedge fund recently bought a new stake in Electro-Sensors stock. Citadel Advisors LLC acquired a new position in shares of Electro-Sensors, Inc. (NASDAQ:ELSE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,260 shares of the scientific and technical instruments company’s stock, valued at approximately $47,000. Citadel Advisors LLC owned 0.42% of Electro-Sensors as of its most recent SEC filing. Institutional investors and hedge funds own 5.76% of the company’s stock.

About Electro-Sensors

Electro-Sensors, Inc manufactures and sells industrial production monitoring and process control systems. It manufactures and sells various monitoring systems that measure machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. The company's speed monitoring systems include a line of products that measure production counts or rates, such as parts, gallons, or board feet; and alarm systems, tachometers, and other devices that translate impulses from the sensors.

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