Orbit International Corp. (OTCMKTS:ORBT) Shares Shorted: Short Interest Down 82.9% in September

Orbit International Corp. (OTCMKTS:ORBT) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 423 shares, a drop of 82.9% from the August 31st total of 2,475 shares. Based on an average daily trading volume, of 4,144 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Orbit International Stock Down 4.5%

Shares of ORBT opened at $2.75 on Friday. The stock’s 50-day moving average price is $3.24 and its two-hundred day moving average price is $4.49. Orbit International has a 12 month low of $2.53 and a 12 month high of $13.57. The company has a market capitalization of $9.72 million, a PE ratio of -1.91 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03.

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

Orbit International Company Profile

Orbit International Corp. is a U.S.-based electronics manufacturer that develops and produces specialized equipment for defense, aerospace, industrial and other demanding applications. The company focuses on customized electronic systems and components designed for use in environments where durability, reliability and long operating life are important.

Through its operating businesses, Orbit provides products such as ruggedized power supplies, electronic displays, control panels, keyboards, computer-related equipment and other custom electronic assemblies.