Orbit International Corp. (OTCMKTS:ORBT) Sees Large Decrease in Short Interest

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

Orbit International Stock Down 1.6%

OTCMKTS ORBT traded down $0.06 during trading hours on Thursday, hitting $4.05. 2,593 shares of the stock were exchanged, compared to its average volume of 30,248. The stock has a 50-day moving average of $5.50 and a 200 day moving average of $5.07. Orbit International has a 12-month low of $2.42 and a 12-month high of $13.57. The company has a market cap of $14.31 million, a price-to-earnings ratio of -3.07 and a beta of 0.54.

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

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.