Orbit International Corp. (OTCMKTS:ORBT) Shares Shorted: Short Interest Down 82.9% in September

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 423 shares, a decrease of 82.9% from the August 31st total of 2,475 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,144 shares, the short-interest ratio is presently 0.1 days.

Orbit International Trading Down 4.5%

ORBT opened at $2.75 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. Orbit International has a 12 month low of $2.53 and a 12 month high of $13.57. The firm has a market cap of $9.72 million, a price-to-earnings ratio of -1.91 and a beta of 0.53. The stock has a fifty day moving average price of $3.24 and a 200-day moving average price of $4.49.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.51) earnings per share for the quarter. Orbit International had a negative return on equity of 41.21% and a negative net margin of 21.42%.The company had revenue of $4.89 million for the quarter.

Orbit International Company Profile

Orbit International Corp. is a U.S.-based electronics manufacturer that develops and produces specialized equipment for defense, aerospace, industrial and other demanding applications. The company focuses on customized electronic systems and components designed for use in environments where durability, reliability and long operating life are important.

Through its operating businesses, Orbit provides products such as ruggedized power supplies, electronic displays, control panels, keyboards, computer-related equipment and other custom electronic assemblies.