Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,741 shares, a drop of 85.1% from the April 30th total of 11,700 shares. Based on an average daily volume of 19,378 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Nortech Systems Trading Up 0.6%

Shares of NASDAQ:NSYS traded up $0.08 during trading on Thursday, reaching $14.00. The stock had a trading volume of 538 shares, compared to its average volume of 14,867. The firm’s fifty day moving average is $12.79 and its 200 day moving average is $9.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.12 and a current ratio of 1.84. Nortech Systems has a 52 week low of $6.50 and a 52 week high of $15.39. The stock has a market cap of $39.06 million and a price-to-earnings ratio of 37.84.

Nortech Systems (NASDAQ:NSYS) last announced its earnings results on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share for the quarter. The firm had revenue of $30.32 million for the quarter. Nortech Systems had a return on equity of 3.05% and a net margin of 0.85%.

About Nortech Systems

Nortech Systems, Inc is a specialized engineering and manufacturing company that designs, develops and produces custom gas distribution and control solutions. Its core offerings include cryogenic valves and regulators, gas distribution panels and manifolds, and precision instrumentation for monitoring and controlling the delivery of industrial, specialty and medical gases. The company leverages in-house engineering, machining and assembly capabilities to tailor products to the exact specifications of its customers.

In addition to its mechanical product lines, Nortech Systems provides electronic monitoring and control systems.