Orbit International Corp. (OTCMKTS:ORBT) Stock Short Interest Falls 46.5%

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,720 shares, a drop of 46.5% from the September 30th total of 3,215 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,507 shares, the short-interest ratio is currently 0.5 days.

Orbit International Trading Down 2.0%

Shares of ORBT traded down $0.05 during midday trading on Monday, hitting $2.45. The stock had a trading volume of 1,490 shares, compared to its average volume of 19,665. Orbit International has a 1 year low of $2.45 and a 1 year high of $13.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.25 and a quick ratio of 0.41. The stock’s 50 day moving average is $2.71 and its 200 day moving average is $4.36. The firm has a market cap of $8.65 million, a PE ratio of -1.70 and a beta of 0.63.

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

Orbit International Company Profile

Orbit International Corporation is a U.S.-based manufacturer of electronic components, subsystems and power products for military, aerospace, industrial, medical and other commercial applications. The company develops equipment used in specialized systems where reliability, durability and performance are important requirements.

Through its operating businesses, Orbit produces products such as cockpit display systems, electronic control panels, video systems, embedded computers and related electronic assemblies.