Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Increases By 428.8%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 10,887 shares, an increase of 428.8% from the March 15th total of 2,059 shares. Based on an average daily trading volume, of 20,673 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Nortech Systems Trading Down 3.3%

Shares of NSYS opened at $13.78 on Friday. The firm has a market cap of $38.39 million, a P/E ratio of -137.80 and a beta of -0.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.88 and a quick ratio of 1.19. Nortech Systems has a 1 year low of $6.50 and a 1 year high of $14.32. The company has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $8.92.

Nortech Systems (NASDAQ:NSYS) last released its earnings results on Thursday, March 26th. The electronics maker reported $0.32 EPS for the quarter. The firm had revenue of $30.31 million for the quarter. Nortech Systems had a negative net margin of 0.21% and a negative return on equity of 0.76%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Nortech Systems in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Nortech Systems Company Profile

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.