Orbit International Corp. (OTCMKTS:ORBT) Short Interest Update

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 7,091 shares, an increase of 1,572.4% from the July 30th total of 424 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 34,460 shares, the days-to-cover ratio is currently 0.2 days.

Orbit International Stock Performance

Shares of ORBT opened at $2.86 on Thursday. The business’s fifty day moving average price is $3.89 and its 200 day moving average price is $4.85. Orbit International has a 12-month low of $2.42 and a 12-month high of $13.57. The stock has a market capitalization of $10.10 million, a PE ratio of -1.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.25 and a quick ratio of 0.53.

Orbit International (OTCMKTS:ORBT) last posted its earnings results on Thursday, August 13th. The company reported ($0.51) EPS for the quarter. The company 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%.

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.