Orbit International Corp. (OTCMKTS:ORBT) Short Interest Up 4,400.0% in May

Orbit International Corp. (OTCMKTS:ORBT) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 17,550 shares, an increase of 4,400.0% from the May 14th total of 390 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 423,800 shares, the days-to-cover ratio is currently 0.0 days.

Orbit International Price Performance

Shares of Orbit International stock traded down $0.86 during trading on Tuesday, hitting $6.30. The stock had a trading volume of 41,280 shares, compared to its average volume of 33,243. The firm has a market cap of $22.24 million, a P/E ratio of -4.77 and a beta of 0.45. The business has a fifty day moving average of $5.45 and a two-hundred day moving average of $4.93. Orbit International has a fifty-two week low of $2.42 and a fifty-two week high of $13.57.

Orbit International (OTCMKTS:ORBT) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.46) earnings per share for the quarter. Orbit International had a negative net margin of 19.24% and a negative return on equity of 34.08%. The business had revenue of $5.24 million for the quarter.

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.