Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Down 85.1% in May

Nortech Systems Incorporated (NASDAQ:NSYS) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 1,741 shares, a drop of 85.1% from the April 30th total of 11,700 shares. Based on an average daily trading volume, of 19,378 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Nortech Systems Price Performance

Nortech Systems stock traded down $1.43 during mid-day trading on Friday, reaching $14.93. The company had a trading volume of 114,098 shares, compared to its average volume of 20,415. Nortech Systems has a 1 year low of $6.50 and a 1 year high of $16.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.84 and a quick ratio of 1.12. The company has a market capitalization of $41.65 million and a P/E ratio of 40.35. The stock’s 50-day simple moving average is $13.03 and its 200-day simple moving average is $9.89.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%. The company had revenue of $30.32 million during the quarter.

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.