Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 83.8% in March

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 6,800 shares, an increase of 83.8% from the March 15th total of 3,700 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Nortech Systems in a report on Monday. They set a “hold” rating for the company.

Nortech Systems Trading Down 2.4 %

Shares of Nortech Systems stock traded down $0.19 during trading on Wednesday, hitting $7.76. The stock had a trading volume of 1,243 shares, compared to its average volume of 8,504. Nortech Systems has a 1 year low of $7.25 and a 1 year high of $19.15. The stock has a 50 day simple moving average of $9.63 and a 200 day simple moving average of $10.54. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $21.43 million, a PE ratio of 5.01 and a beta of 0.30.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Monday, March 31st. The electronics maker reported ($0.54) earnings per share for the quarter. The firm had revenue of $28.62 million for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%.

Nortech Systems Company Profile

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.