Scientific Industries Inc. (OTCMKTS:SCND) Sees Large Growth in Short Interest
by Danessa Lincoln · The Markets DailyScientific Industries Inc. (OTCMKTS:SCND – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 94 shares, an increase of ∞ from the May 14th total of 0 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 891 shares, the days-to-cover ratio is currently 0.1 days.
Scientific Industries Stock Performance
Scientific Industries stock opened at $0.75 on Friday. The stock has a market cap of $8.89 million, a P/E ratio of -2.66 and a beta of 0.28. The stock has a 50 day moving average of $0.72 and a 200-day moving average of $0.66. Scientific Industries has a 52 week low of $0.30 and a 52 week high of $0.98.
Scientific Industries (OTCMKTS:SCND – Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.14. The company had revenue of $1.23 million during the quarter, compared to analysts’ expectations of $2.20 million. Scientific Industries had a negative return on equity of 54.47% and a negative net margin of 19.29%.
About Scientific Industries
Scientific Industries, Inc (OTCMKTS:SCND) is a manufacturer and distributor of laboratory equipment and life science research tools. The company specializes in the design, development and production of sample mixing and handling instruments, including vortex mixers, tube shakers, decappers and digital homogenizers. These products are employed across a range of settings such as academic research laboratories, pharmaceutical and biotechnology firms, clinical diagnostic centers and industrial quality-control facilities.
Since its inception in the mid-20th century, Scientific Industries has focused on durability, precision and user-friendly design in its portfolio.