Orbit International Corp. (OTCMKTS:ORBT) Sees Large Drop in Short Interest

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,714 shares, a decrease of 32.7% from the December 31st total of 4,031 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Orbit International Price Performance

ORBT opened at $5.40 on Friday. Orbit International has a 52 week low of $2.25 and a 52 week high of $5.40. The business’s 50 day moving average is $4.29 and its two-hundred day moving average is $3.83. The firm has a market cap of $19.04 million, a price-to-earnings ratio of -3.91 and a beta of 0.09.

Orbit International (OTCMKTS:ORBT) last announced its earnings results on Tuesday, November 11th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $5.78 million for the quarter. Orbit International had a negative return on equity of 29.85% and a negative net margin of 18.70%.

Orbit International Company Profile

Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.

Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.