Orbit International Corp. (OTCMKTS:ORBT) Stock Short Interest Declines 82.9%

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a large drop in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,144 shares, the days-to-cover ratio is presently 0.1 days.

Orbit International Price Performance

ORBT stock traded down $0.05 during trading on Friday, hitting $2.70. The stock had a trading volume of 3,165 shares, compared to its average volume of 3,086. The stock has a market cap of $9.53 million, a price-to-earnings ratio of -1.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.41 and a current ratio of 1.25. The company’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $4.47. Orbit International has a 1-year low of $2.53 and a 1-year high of $13.57.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. The firm had revenue of $4.89 million for 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.