Scientific Industries, Inc. (OTCMKTS:SCND) Sees Large Decline in Short Interest

Scientific Industries, Inc. (OTCMKTS:SCND) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 25.0% from the March 15th total of 400 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Scientific Industries Price Performance

SCND stock opened at $0.90 on Monday. The stock has a market cap of $6.28 million, a price-to-earnings ratio of -1.47 and a beta of 0.42. The company has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.03. Scientific Industries has a 1 year low of $0.62 and a 1 year high of $2.25.

Scientific Industries (OTCMKTS:SCND) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.18) earnings per share (EPS) for the quarter. Scientific Industries had a negative return on equity of 54.88% and a negative net margin of 63.35%. The company had revenue of $2.81 million for the quarter.

About Scientific Industries

Scientific Industries, Inc engages in the design, manufacture, and marketing of benchtop laboratory equipment and bioprocessing systems in the United States, Germany, and internationally. 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, bead beaters, microplate mixers, vortex mixers, two large capacity multi-vessel vortex mixers, and orbital shakers.