Orbit International Corp. (OTCMKTS:ORBT) Short Interest Down 26.9% in December

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 4,031 shares, a decline of 26.9% from the December 15th total of 5,515 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,180 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 2,180 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the shares of the company are short sold.

Orbit International Stock Performance

Shares of ORBT opened at $4.64 on Friday. The stock has a 50-day moving average of $4.09 and a two-hundred day moving average of $3.70. The stock has a market cap of $16.39 million, a P/E ratio of -3.36 and a beta of 0.09. Orbit International has a one year low of $2.25 and a one year high of $4.75.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings data on Tuesday, November 11th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $5.78 million during 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.