Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 14,817 shares, a growth of 751.1% from the May 14th total of 1,741 shares. Based on an average daily volume of 33,756 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Nortech Systems to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Nortech Systems Trading Up 4.3%

Nortech Systems stock traded up $0.73 during midday trading on Wednesday, reaching $17.70. The stock had a trading volume of 4,376 shares, compared to its average volume of 18,490. Nortech Systems has a twelve month low of $6.50 and a twelve month high of $18.01. 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 firm has a market cap of $49.38 million, a price-to-earnings ratio of 47.84 and a beta of 0.02. The firm’s fifty day simple moving average is $13.94 and its two-hundred day simple moving average is $10.34.

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

About Nortech Systems

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.