Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 88.7% in May

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 13,400 shares, a growth of 88.7% from the May 15th total of 7,100 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 16,600 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Nortech Systems in a report on Friday, May 16th. They set a “hold” rating on the stock.

Nortech Systems Price Performance

Shares of Nortech Systems stock traded down $0.64 during trading on Monday, hitting $8.52. The stock had a trading volume of 37,860 shares, compared to its average volume of 10,210. The firm has a market cap of $23.51 million, a price-to-earnings ratio of 5.49 and a beta of 0.28. Nortech Systems has a 12 month low of $7.25 and a 12 month high of $15.55. The business’s 50-day moving average is $8.69 and its 200 day moving average is $9.75. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings results on Wednesday, May 14th. The electronics maker reported ($0.48) earnings per share for the quarter. Nortech Systems had a net margin of 3.35% and a return on equity of 12.76%. The business had revenue of $26.90 million during the quarter.

About Nortech Systems

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.