Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Down 85.1% in May

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,741 shares, a drop of 85.1% from the April 30th total of 11,700 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 19,378 shares, the short-interest ratio is currently 0.1 days.

Nortech Systems Stock Performance

Shares of NASDAQ NSYS traded down $1.43 during trading on Friday, reaching $14.93. 114,098 shares of the company traded hands, compared to its average volume of 20,415. The firm’s fifty day simple moving average is $13.03 and its 200 day simple moving average is $9.89. The stock has a market cap of $41.73 million and a P/E ratio of 40.35. Nortech Systems has a 12-month low of $6.50 and a 12-month high of $16.95. The company has a current ratio of 1.84, a quick ratio of 1.12 and a debt-to-equity ratio of 0.07.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings data on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share for the quarter. The company had revenue of $30.32 million for the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%.

About Nortech Systems

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.