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

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,475 shares, a decline of 65.1% from the August 15th total of 7,091 shares. Based on an average daily trading volume, of 15,781 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Orbit International Stock Performance

Shares of ORBT stock opened at $2.71 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.25 and a quick ratio of 0.41. The firm has a market capitalization of $9.58 million, a P/E ratio of -1.88 and a beta of 0.53. The company’s fifty day moving average price is $3.48 and its two-hundred day moving average price is $4.65. Orbit International has a 12 month low of $2.42 and a 12 month high of $13.57.

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