Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Drops By 34.5%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,059 shares, a decline of 34.5% from the February 26th total of 3,144 shares. Based on an average daily volume of 2,510 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Nortech Systems Stock Performance

Shares of Nortech Systems stock opened at $11.83 on Friday. The business’s 50 day moving average price is $9.29 and its 200 day moving average price is $8.67. The company has a market cap of $33.01 million, a price-to-earnings ratio of -118.30 and a beta of -0.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.76. Nortech Systems has a one year low of $6.50 and a one year high of $12.40.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Thursday, March 26th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter. Nortech Systems had a negative return on equity of 0.76% and a negative net margin of 0.21%.The company had revenue of $30.31 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nortech Systems presently has a consensus rating of “Sell”.

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.