Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 66.5% in January

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 10,090 shares, a growth of 66.5% from the January 15th total of 6,061 shares. Based on an average daily volume of 4,897 shares, the short-interest ratio is presently 2.1 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,897 shares, the short-interest ratio is presently 2.1 days.

Nortech Systems Stock Performance

Nortech Systems stock traded up $0.01 during trading hours on Friday, hitting $9.40. The stock had a trading volume of 1,263 shares, compared to its average volume of 5,239. The company has a 50-day moving average of $8.03 and a two-hundred day moving average of $8.50. The company has a quick ratio of 1.21, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. Nortech Systems has a fifty-two week low of $6.50 and a fifty-two week high of $12.40. The company has a market cap of $26.19 million and a PE ratio of -9.89.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share for the quarter. The firm had revenue of $30.48 million for the quarter. Nortech Systems had a negative return on equity of 7.93% and a negative net margin of 2.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Nortech Systems in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Nortech Systems

Nortech Systems, Inc is a specialized engineering and manufacturing company that designs, develops and produces custom gas distribution and control solutions. Its core offerings include cryogenic valves and regulators, gas distribution panels and manifolds, and precision instrumentation for monitoring and controlling the delivery of industrial, specialty and medical gases. The company leverages in-house engineering, machining and assembly capabilities to tailor products to the exact specifications of its customers.

In addition to its mechanical product lines, Nortech Systems provides electronic monitoring and control systems.