Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 10,887 shares, an increase of 428.8% from the March 15th total of 2,059 shares. Based on an average daily volume of 20,673 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Nortech Systems Stock Down 3.3%

Shares of NSYS traded down $0.47 during midday trading on Friday, reaching $13.78. 37,314 shares of the stock were exchanged, compared to its average volume of 27,592. Nortech Systems has a 52 week low of $6.50 and a 52 week high of $14.32. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $10.17 and its two-hundred day moving average is $8.92. The company has a market capitalization of $38.45 million, a P/E ratio of -137.80 and a beta of -0.10.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings results on Thursday, March 26th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter. Nortech Systems had a negative return on equity of 0.76% and a negative net margin of 0.21%.The business had revenue of $30.31 million for 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.