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

Orbit International Corp. (OTCMKTS:ORBT) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 822 shares, a decline of 69.7% from the January 15th total of 2,714 shares. Based on an average trading volume of 2,333 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,333 shares, the days-to-cover ratio is presently 0.4 days.

Orbit International Price Performance

Shares of ORBT stock traded up $0.03 during trading hours on Wednesday, reaching $5.18. The stock had a trading volume of 2,425 shares, compared to its average volume of 938. The firm has a market capitalization of $18.29 million, a PE ratio of -3.75 and a beta of 0.09. The firm has a 50-day simple moving average of $4.47 and a 200-day simple moving average of $3.91. Orbit International has a twelve month low of $2.25 and a twelve month high of $5.40.

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