Orbit International Corp. (OTCMKTS:ORBT) Shares Shorted: Short Interest Down 75.4% in October

Orbit International Corp. (OTCMKTS:ORBT) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 423 shares, a decline of 75.4% from the October 15th total of 1,720 shares. Based on an average daily volume of 5,347 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Orbit International Stock Performance

Orbit International stock opened at $2.56 on Thursday. The firm has a 50 day simple moving average of $2.65 and a 200-day simple moving average of $4.27. The stock has a market cap of $9.05 million, a price-to-earnings ratio of -1.78 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.25 and a quick ratio of 0.41. Orbit International has a 1-year low of $2.38 and a 1-year high of $13.57.

Orbit International (OTCMKTS:ORBT) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.51) EPS for the quarter. Orbit International had a negative net margin of 21.42% and a negative return on equity of 41.21%. The firm had revenue of $4.89 million for the quarter.

Orbit International Company Profile

Orbit International Corporation is a U.S.-based manufacturer of electronic components, subsystems and power products for military, aerospace, industrial, medical and other commercial applications. The company develops equipment used in specialized systems where reliability, durability and performance are important requirements. Through its operating businesses, Orbit produces products such as cockpit display systems, electronic control panels, video systems, embedded computers and related electronic assemblies.