Orbit International Corp. (OTCMKTS:ORBT) Short Interest Down 56.3% in June

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 6,233 shares, a decline of 56.3% from the June 15th total of 14,260 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 49,469 shares, the days-to-cover ratio is presently 0.1 days.

Orbit International Stock Up 1.0%

Shares of OTCMKTS:ORBT traded up $0.04 during trading on Wednesday, hitting $4.14. The stock had a trading volume of 2,664 shares, compared to its average volume of 30,535. Orbit International has a 12-month low of $2.42 and a 12-month high of $13.57. The stock has a market capitalization of $14.61 million, a price-to-earnings ratio of -3.14 and a beta of 0.54. The stock has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $5.07.

Orbit International (OTCMKTS:ORBT) last issued its earnings results on Thursday, May 14th. The company reported ($0.46) EPS for the quarter. Orbit International had a negative net margin of 19.24% and a negative return on equity of 34.08%. The firm had revenue of $5.24 million during the quarter.

About Orbit International

Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.

Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.