Orbit International Corp. (OTCMKTS:ORBT) Short Interest Up 4,400.0% in May

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,550 shares, an increase of 4,400.0% from the May 14th total of 390 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 423,800 shares, the days-to-cover ratio is presently 0.0 days.

Orbit International Price Performance

Shares of OTCMKTS ORBT traded down $0.86 during mid-day trading on Tuesday, hitting $6.30. The company had a trading volume of 41,280 shares, compared to its average volume of 33,243. The business’s 50-day simple moving average is $5.45 and its 200-day simple moving average is $4.93. The firm has a market cap of $22.24 million, a P/E ratio of -4.77 and a beta of 0.45. Orbit International has a 12 month low of $2.42 and a 12 month high of $13.57.

Orbit International (OTCMKTS:ORBT) last announced its earnings results on Thursday, May 14th. The company reported ($0.46) earnings per share (EPS) for the quarter. Orbit International had a negative return on equity of 34.08% and a negative net margin of 19.24%.The company had revenue of $5.24 million for the quarter.

About Orbit International

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.