Orbit International Corp. (OTCMKTS:ORBT) Shares Shorted: Short Interest Down 75.4% in October

Orbit International Corp. (OTCMKTS:ORBT) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 423 shares, a decrease of 75.4% from the October 15th total of 1,720 shares. Based on an average trading volume of 5,347 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Orbit International Stock Down 0.4%

Shares of OTCMKTS ORBT opened at $2.56 on Thursday. The stock has a market cap of $9.05 million, a P/E ratio of -1.78 and a beta of 0.63. The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. Orbit International has a 12-month low of $2.38 and a 12-month high of $13.57. The business’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $4.27.

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

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.