Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Declines By 30.6%

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 8,045 shares, a decline of 30.6% from the December 15th total of 11,589 shares. Based on an average trading volume of 10,248 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 10,248 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Nortech Systems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Nortech Systems Trading Up 0.2%

Shares of NASDAQ:NSYS traded up $0.02 during trading on Friday, reaching $8.40. The company’s stock had a trading volume of 2,899 shares, compared to its average volume of 7,198. The stock has a market capitalization of $23.44 million and a PE ratio of -8.84. Nortech Systems has a 12 month low of $6.50 and a 12 month high of $12.40. The company has a current ratio of 1.76, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $7.41 and its two-hundred day simple moving average is $8.49.

Nortech Systems (NASDAQ:NSYS) last issued its quarterly earnings data on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $30.48 million for the quarter. Nortech Systems had a negative net margin of 2.25% and a negative return on equity of 7.93%.

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.