Orbit International Corp. (OTCMKTS:ORBT) Stock Short Interest Falls 46.5%

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,720 shares, a decrease of 46.5% from the September 30th total of 3,215 shares. Based on an average daily trading volume, of 3,507 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Orbit International Stock Performance

Shares of OTCMKTS:ORBT remained flat at $2.50 during trading hours on Friday. 1,210 shares of the company’s stock were exchanged, compared to its average volume of 2,472. Orbit International has a 52 week low of $2.45 and a 52 week high of $13.57. The business’s 50-day moving average is $2.71 and its 200 day moving average is $4.36. The stock has a market cap of $8.82 million, a PE ratio of -1.74 and a beta of 0.60. The company has a quick ratio of 0.41, a current ratio of 1.25 and a debt-to-equity ratio of 0.03.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings data 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%.

About Orbit International

Orbit International Corporation is a U.S.-based manufacturer of electronic components, subsystems and power products for military, aerospace, industrial, medical and other commercial applications. The company develops equipment used in specialized systems where reliability, durability and performance are important requirements.

Through its operating businesses, Orbit produces products such as cockpit display systems, electronic control panels, video systems, embedded computers and related electronic assemblies.