Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Drops By 30.6%

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

Nortech Systems Stock Performance

Shares of NSYS traded up $0.02 on Friday, reaching $8.40. The company’s stock had a trading volume of 2,899 shares, compared to its average volume of 7,198. Nortech Systems has a 12-month low of $6.50 and a 12-month high of $12.40. The stock has a market capitalization of $23.44 million and a P/E ratio of -8.84. 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 stock’s 50 day simple moving average is $7.41 and its two-hundred day simple moving average is $8.49.

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 company had revenue of $30.48 million for the quarter. Nortech Systems had a negative net margin of 2.25% and a negative return on equity of 7.93%.

Analyst Ratings Changes

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, Based on data from MarketBeat, the company presently has an average 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.