Electro-Sensors, Inc. (NASDAQ:ELSE) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 1,000 shares, a decline of 56.5% from the May 15th total of 2,300 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are sold short.
Separately, TheStreet lowered shares of WESCO International from a “b-” rating to a “c+” rating in a report on Friday, May 24th.
Shares of NASDAQ:ELSE traded up $0.05 during trading hours on Friday, reaching $3.30. The stock had a trading volume of 6,301 shares, compared to its average volume of 2,100. The business’s 50 day moving average is $3.36. Electro-Sensors has a 1 year low of $3.11 and a 1 year high of $4.05. The stock has a market cap of $11.03 million, a PE ratio of 54.17 and a beta of 0.37.
Electro-Sensors Company Profile
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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