Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Increases By 26.4%

Orbit International Corp. (OTCMKTS:ORBT) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 493 shares, an increase of 26.4% from the March 15th total of 390 shares. Based on an average daily volume of 334 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the company’s shares are sold short.

Orbit International Price Performance

Shares of Orbit International stock traded up $0.06 on Friday, hitting $4.61. 400 shares of the company’s stock traded hands, compared to its average volume of 1,062. Orbit International has a one year low of $2.25 and a one year high of $5.40. The company has a fifty day moving average of $5.00 and a two-hundred day moving average of $4.53. The company has a market capitalization of $16.27 million, a price-to-earnings ratio of -3.05 and a beta of 0.16.

Orbit International (OTCMKTS:ORBT) last announced its earnings results on Wednesday, March 18th. The company reported ($0.21) EPS for the quarter. Orbit International had a negative net margin of 22.38% and a negative return on equity of 34.69%. The business had revenue of $6.73 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.