Orbit International Corp. (OTCMKTS:ORBT) Short Interest Update

Orbit International Corp. (OTCMKTS:ORBT) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 390 shares, a drop of 93.7% from the June 30th total of 6,233 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 32,501 shares, the days-to-cover ratio is currently 0.0 days.

Orbit International Stock Down 2.6%

OTCMKTS ORBT traded down $0.10 during trading hours on Friday, reaching $3.80. The company’s stock had a trading volume of 6,344 shares, compared to its average volume of 11,708. The firm’s 50-day moving average price is $5.40 and its 200-day moving average price is $5.06. Orbit International has a 1 year low of $2.42 and a 1 year high of $13.57. The company has a market capitalization of $13.41 million, a price-to-earnings ratio of -2.88 and a beta of 0.54.

Orbit International (OTCMKTS:ORBT) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.46) earnings per share for the quarter. Orbit International had a negative return on equity of 34.08% and a negative net margin of 19.24%.The business had revenue of $5.24 million during the quarter.

Orbit International Company Profile

Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.

Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.