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

Orbit International Corp. (OTCMKTS:ORBT) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,091 shares, a growth of 1,572.4% from the July 30th total of 424 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 34,460 shares, the days-to-cover ratio is presently 0.2 days.

Orbit International Price Performance

ORBT traded up $0.03 during trading on Tuesday, hitting $2.89. The company’s stock had a trading volume of 7,654 shares, compared to its average volume of 14,370. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. Orbit International has a twelve month low of $2.42 and a twelve month high of $13.57. The business’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $4.88. The firm has a market capitalization of $10.20 million, a price-to-earnings ratio of -2.01 and a beta of 0.56.

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