Nortech Systems Incorporated (NASDAQ:NSYS) Sees Significant Decline in Short Interest

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 5,442 shares, a drop of 46.1% from the January 29th total of 10,090 shares. Based on an average daily trading volume, of 5,488 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,488 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

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

Nortech Systems Price Performance

Shares of NSYS stock traded up $0.20 during trading hours on Friday, reaching $9.25. The stock had a trading volume of 1,184 shares, compared to its average volume of 4,908. The stock’s fifty day simple moving average is $8.44 and its 200 day simple moving average is $8.57. The firm has a market capitalization of $25.79 million and a PE ratio of -9.73. The company has a current ratio of 1.76, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02. Nortech Systems has a 12 month low of $6.50 and a 12 month high of $12.40.

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.