Nortech Systems Incorporated (NASDAQ:NSYS) Sees Significant Increase in Short Interest

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 14,817 shares, an increase of 751.1% from the May 14th total of 1,741 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 33,756 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Nortech Systems to a “strong-buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nortech Systems has an average rating of “Sell”.

Nortech Systems Stock Performance

NASDAQ:NSYS traded up $0.09 during trading hours on Thursday, reaching $17.11. 21,042 shares of the company’s stock were exchanged, compared to its average volume of 18,644. The firm has a market capitalization of $47.82 million, a price-to-earnings ratio of 46.24 and a beta of 0.02. The company has a 50-day moving average of $14.05 and a 200 day moving average of $10.41. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.07. Nortech Systems has a 1-year low of $6.50 and a 1-year high of $18.01.

Nortech Systems (NASDAQ:NSYS) last issued its quarterly earnings results on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share for the quarter. The business 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.