Orbit International Corp. (OTCMKTS:ORBT – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 6,233 shares, a drop of 56.3% from the June 15th total of 14,260 shares. Based on an average trading volume of 49,469 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.
Orbit International Price Performance
Shares of ORBT stock traded up $0.06 during midday trading on Tuesday, hitting $4.11. The company had a trading volume of 2,644 shares, compared to its average volume of 30,816. The stock has a market cap of $14.52 million, a price-to-earnings ratio of -3.12 and a beta of 0.54. The company’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $5.08. Orbit International has a 52-week low of $2.42 and a 52-week high of $13.57.
Orbit International (OTCMKTS:ORBT – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.46) earnings per share (EPS) for the quarter. Orbit International had a negative return on equity of 34.08% and a negative net margin of 19.24%.The business had revenue of $5.24 million for the quarter.
About Orbit International
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.
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