Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 751.1% in May

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 14,817 shares, a growth of 751.1% from the May 14th total of 1,741 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 33,756 shares, the days-to-cover ratio is currently 0.4 days.

Nortech Systems Stock Performance

Shares of Nortech Systems stock opened at $16.60 on Friday. The company has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $10.48. Nortech Systems has a one year low of $6.50 and a one year high of $18.01. The company has a market capitalization of $46.31 million, a PE ratio of 44.86 and a beta of 0.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.12 and a current ratio of 1.84.

Nortech Systems (NASDAQ:NSYS) last announced its earnings results on Wednesday, May 13th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter. Nortech Systems had a net margin of 0.85% and a return on equity of 3.05%. The business had revenue of $30.32 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Nortech Systems to a “strong-buy” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.