Orbit International Corp. (OTCMKTS:ORBT) Sees Large Drop in Short Interest

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,720 shares, a decrease of 46.5% from the September 30th total of 3,215 shares. Based on an average daily trading volume, of 3,507 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Orbit International Stock Performance

OTCMKTS ORBT remained flat at $2.50 on Friday. 1,210 shares of the company’s stock traded hands, compared to its average volume of 2,472. The company has a market capitalization of $8.82 million, a P/E ratio of -1.74 and a beta of 0.60. Orbit International has a fifty-two week low of $2.45 and a fifty-two week high of $13.57. The business has a 50-day moving average of $2.71 and a 200-day moving average of $4.36. The company has a quick ratio of 0.41, a current ratio of 1.25 and a debt-to-equity ratio of 0.03.

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

About Orbit International

Orbit International Corporation is a U.S.-based manufacturer of electronic components, subsystems and power products for military, aerospace, industrial, medical and other commercial applications. The company develops equipment used in specialized systems where reliability, durability and performance are important requirements.

Through its operating businesses, Orbit produces products such as cockpit display systems, electronic control panels, video systems, embedded computers and related electronic assemblies.