Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Declines By 24.7%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 6,061 shares, a decline of 24.7% from the December 31st total of 8,045 shares. Based on an average daily volume of 5,581 shares, the days-to-cover ratio is currently 1.1 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 volume of 5,581 shares, the days-to-cover ratio is currently 1.1 days.

Nortech Systems Stock Down 3.3%

Shares of Nortech Systems stock traded down $0.32 during midday trading on Tuesday, hitting $9.30. The company had a trading volume of 809 shares, compared to its average volume of 5,694. Nortech Systems has a 52-week low of $6.50 and a 52-week high of $12.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.76. The stock has a market capitalization of $25.93 million and a P/E ratio of -9.78. The company has a 50 day moving average of $7.68 and a 200 day moving average of $8.47.

Nortech Systems (NASDAQ:NSYS) last released its earnings results on Thursday, November 13th. The electronics maker reported ($0.05) EPS for the quarter. Nortech Systems had a negative return on equity of 7.93% and a negative net margin of 2.25%.The company had revenue of $30.48 million during the quarter.

Analysts Set New Price Targets

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

Nortech Systems Company Profile

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.