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

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 8,045 shares, a decrease of 30.6% from the December 15th total of 11,589 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 10,248 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 10,248 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Nortech Systems Trading Up 0.2%

Shares of NSYS traded up $0.02 during midday trading on Monday, reaching $8.40. The stock had a trading volume of 2,899 shares, compared to its average volume of 7,081. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.21. The company’s 50-day moving average is $7.41 and its 200 day moving average is $8.48. Nortech Systems has a 12-month low of $6.50 and a 12-month high of $12.40.

Nortech Systems (NASDAQ:NSYS) last released its earnings results on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share for the quarter. The firm had revenue of $30.48 million during the quarter. Nortech Systems had a negative return on equity of 7.93% and a negative net margin of 2.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nortech Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.