Orbit International Corp. (OTCMKTS:ORBT) Sees Significant Growth in Short Interest

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

Orbit International Trading Up 1.0%

Shares of OTCMKTS ORBT opened at $2.89 on Wednesday. Orbit International has a 1-year low of $2.42 and a 1-year high of $13.57. The company has a 50-day moving average of $3.93 and a two-hundred day moving average of $4.86. The company has a market cap of $10.20 million, a PE ratio of -2.01 and a beta of 0.56. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03.

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

Orbit International Company Profile

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.