Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Drops By 56.3%

Orbit International Corp. (OTCMKTS:ORBT) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 6,233 shares, a decrease of 56.3% from the June 15th total of 14,260 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 49,469 shares, the short-interest ratio is presently 0.1 days.

Orbit International Price Performance

Shares of OTCMKTS ORBT traded up $0.06 during mid-day trading on Tuesday, hitting $4.11. The company had a trading volume of 2,644 shares, compared to its average volume of 30,816. Orbit International has a 12 month low of $2.42 and a 12 month high of $13.57. The firm’s 50 day simple moving average is $5.53 and its two-hundred day simple moving average is $5.08. The stock has a market cap of $14.52 million, a price-to-earnings ratio of -3.12 and a beta of 0.54.

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

About Orbit International

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.