Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 36.4% in October

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 18,000 shares, an increase of 36.4% from the September 30th total of 13,200 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 3.7 days. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.1% of the company’s shares are sold short.

Nortech Systems Price Performance

Shares of NSYS stock opened at $9.25 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.84 and a current ratio of 2.70. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $8.97. The firm has a market capitalization of $25.77 million, a P/E ratio of -7.91 and a beta of 0.08. Nortech Systems has a 52-week low of $7.25 and a 52-week high of $12.40.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Thursday, August 7th. The electronics maker reported $0.12 earnings per share for the quarter. The business had revenue of $30.67 million during the quarter. Nortech Systems had a negative return on equity of 9.55% and a negative net margin of 2.74%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nortech Systems has a consensus rating of “Sell”.

About Nortech Systems

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.