Orbit International Corp. (OTCMKTS:ORBT) Short Interest Update

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

Orbit International Stock Performance

Orbit International stock opened at $2.71 on Monday. The stock has a 50-day simple moving average of $3.48 and a 200 day simple moving average of $4.64. The company has a quick ratio of 0.41, a current ratio of 1.25 and a debt-to-equity ratio of 0.03. 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 $9.57 million, a price-to-earnings ratio of -1.88 and a beta of 0.53.

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

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.