Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Decreases By 46.1%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,442 shares, a decline of 46.1% from the January 29th total of 10,090 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 5,488 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 5,488 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Nortech Systems in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nortech Systems has a consensus rating of “Sell”.

Nortech Systems Stock Up 2.2%

NASDAQ:NSYS opened at $9.25 on Monday. Nortech Systems has a 1 year low of $6.50 and a 1 year high of $12.40. The stock has a 50-day moving average price of $8.44 and a two-hundred day moving average price of $8.57. The stock has a market cap of $25.79 million, a price-to-earnings ratio of -9.73 and a beta of -0.01. The company has a current ratio of 1.76, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02.

Nortech Systems Company Profile

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.