Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,741 shares, a decline of 85.1% from the April 30th total of 11,700 shares. Based on an average daily volume of 19,378 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Nortech Systems Trading Up 0.6%

Shares of NSYS stock traded up $0.08 during trading hours on Thursday, hitting $14.00. 538 shares of the company’s stock traded hands, compared to its average volume of 14,867. The stock has a market cap of $39.06 million and a PE ratio of 37.84. The stock’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $9.81. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.07. Nortech Systems has a 12 month low of $6.50 and a 12 month high of $15.39.

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

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.