Orbit International Corp. (OTCMKTS:ORBT) Sees Large Decrease in Short Interest

Orbit International Corp. (OTCMKTS:ORBT) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 390 shares, a decrease of 93.7% from the June 30th total of 6,233 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 32,501 shares, the short-interest ratio is currently 0.0 days.

Orbit International Trading Down 2.6%

ORBT traded down $0.10 during trading on Friday, reaching $3.80. The stock had a trading volume of 6,344 shares, compared to its average volume of 11,708. The company has a market capitalization of $13.41 million, a price-to-earnings ratio of -2.88 and a beta of 0.54. The stock’s 50 day moving average is $5.40 and its two-hundred day moving average is $5.06. Orbit International has a one year low of $2.42 and a one year high of $13.57.

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

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.