Orbit International Corp. (OTCMKTS:ORBT) Shares Shorted: Short Interest Up 660.0% in September

Orbit International Corp. (OTCMKTS:ORBT) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,215 shares, an increase of 660.0% from the September 15th total of 423 shares. Based on an average daily volume of 7,701 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Orbit International Trading Up 2.8%

Shares of ORBT traded up $0.07 during trading hours on Friday, reaching $2.61. 3,155 shares of the company traded hands, compared to its average volume of 3,092. The stock’s fifty day moving average price is $2.97 and its 200 day moving average price is $4.29. The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. The firm has a market cap of $9.21 million, a price-to-earnings ratio of -1.81 and a beta of 0.60. Orbit International has a 12-month low of $2.51 and a 12-month high of $13.57.

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

About Orbit International

Orbit International Corporation is a U.S.-based designer and manufacturer of custom electronic equipment and subsystems used primarily in military and defense applications. The company develops products to meet the specialized requirements of defense contractors and government customers, with an emphasis on ruggedized equipment for demanding operating environments.

Its product offerings include power supplies, electronic assemblies, control panels, display systems, audio systems and other customized electronic components.