Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Decreases By 65.1%

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,475 shares, a drop of 65.1% from the August 15th total of 7,091 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,781 shares, the days-to-cover ratio is currently 0.2 days.

Orbit International Price Performance

ORBT stock traded down $0.10 during trading on Friday, hitting $2.71. The company had a trading volume of 4,819 shares, compared to its average volume of 6,349. The company has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $4.65. Orbit International has a fifty-two week low of $2.42 and a fifty-two week high of $13.57. The company has a market cap of $9.57 million, a P/E ratio of -1.88 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. Orbit International had a negative return on equity of 41.21% and a negative net margin of 21.42%.The company had revenue of $4.89 million for the quarter.

Orbit International Company Profile

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.