Orbit International Corp. (OTCMKTS:ORBT) Sees Significant Increase in Short Interest

Orbit International Corp. (OTCMKTS:ORBT) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,550 shares, an increase of 4,400.0% from the May 14th total of 390 shares. Based on an average trading volume of 423,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.6% of the shares of the company are sold short.

Orbit International Stock Performance

Shares of ORBT stock traded down $0.16 during mid-day trading on Wednesday, hitting $6.14. 13,733 shares of the stock were exchanged, compared to its average volume of 32,859. The stock’s fifty day simple moving average is $5.48 and its two-hundred day simple moving average is $4.95. Orbit International has a 12-month low of $2.42 and a 12-month high of $13.57. The stock has a market capitalization of $21.66 million, a price-to-earnings ratio of -4.65 and a beta of 0.45.

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

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.