Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYSGet Free Report) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 5,442 shares, a decrease of 46.1% from the January 29th total of 10,090 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 5,488 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 5,488 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Nortech Systems

Nortech Systems Price Performance

NSYS stock traded up $0.20 during mid-day trading on Friday, reaching $9.25. 1,184 shares of the company traded hands, compared to its average volume of 4,908. The company has a fifty day moving average price of $8.44 and a 200-day moving average price of $8.57. Nortech Systems has a 52-week low of $6.50 and a 52-week high of $12.40. The company has a market capitalization of $25.79 million and a P/E ratio of -9.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.21.

About Nortech Systems

(Get Free Report)

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.

Further Reading

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