Orbit International Corp. (OTCMKTS:ORBT) Short Interest Down 32.7% in January

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 2,714 shares, a drop of 32.7% from the December 31st total of 4,031 shares. Based on an average trading volume of 3,535 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,535 shares, the short-interest ratio is currently 0.8 days.

Orbit International Price Performance

Shares of ORBT opened at $5.40 on Friday. The company has a market capitalization of $19.04 million, a price-to-earnings ratio of -3.91 and a beta of 0.09. Orbit International has a 52-week low of $2.25 and a 52-week high of $5.40. The stock has a 50 day moving average price of $4.29 and a 200 day moving average price of $3.83.

Orbit International (OTCMKTS:ORBT) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $5.78 million for the quarter. Orbit International had a negative return on equity of 29.85% and a negative net margin of 18.70%.

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.