Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Expands By 4,400.0%

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 17,550 shares, a growth of 4,400.0% from the May 14th total of 390 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 423,800 shares, the days-to-cover ratio is presently 0.0 days.

Orbit International Price Performance

OTCMKTS ORBT opened at $5.91 on Thursday. The stock has a market capitalization of $20.86 million, a PE ratio of -4.47 and a beta of 0.45. The business has a 50 day simple moving average of $5.51 and a two-hundred day simple moving average of $4.96. Orbit International has a 1-year low of $2.42 and a 1-year high of $13.57.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $5.24 million for the quarter. Orbit International had a negative net margin of 19.24% and a negative return on equity of 34.08%.

About Orbit International

Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.

Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.