Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Down 72.0% in April

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 700 shares, a drop of 72.0% from the March 31st total of 2,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,700 shares, the short-interest ratio is presently 0.1 days.

Nortech Systems Stock Down 1.2 %

Shares of NASDAQ:NSYS traded down $0.20 during midday trading on Thursday, hitting $17.19. 7,819 shares of the stock were exchanged, compared to its average volume of 6,046. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 2.21. The company has a market capitalization of $47.10 million, a PE ratio of 7.22 and a beta of 0.68. Nortech Systems has a 52-week low of $7.45 and a 52-week high of $17.72. The business’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $10.77.

Nortech Systems (NASDAQ:NSYS) last posted its earnings results on Wednesday, March 20th. The electronics maker reported $1.51 EPS for the quarter. The firm had revenue of $36.05 million for the quarter. Nortech Systems had a net margin of 4.93% and a return on equity of 22.27%.

About Nortech Systems

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.