Orbit International Corp. (OTCMKTS:ORBT) Sees Significant Decrease in Short Interest

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,714 shares, a decline of 32.7% from the December 31st total of 4,031 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are short sold.

Orbit International Stock Performance

Shares of ORBT stock opened at $5.40 on Friday. The company has a market capitalization of $19.06 million, a price-to-earnings ratio of -3.91 and a beta of 0.09. Orbit International has a one year low of $2.25 and a one year high of $5.40. The company’s 50-day moving average is $4.29 and its 200 day moving average is $3.83.

Orbit International (OTCMKTS:ORBT) last posted its earnings results on Tuesday, November 11th. The company reported ($0.26) EPS for the quarter. Orbit International had a negative return on equity of 29.85% and a negative net margin of 18.70%.The business had revenue of $5.78 million during 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.