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

Orbit International Corp. (OTCMKTS:ORBT) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 7,091 shares, an increase of 1,572.4% from the July 30th total of 424 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 34,460 shares, the days-to-cover ratio is presently 0.2 days.

Orbit International Price Performance

Shares of OTCMKTS:ORBT traded up $0.03 during trading on Tuesday, reaching $2.89. The stock had a trading volume of 7,654 shares, compared to its average volume of 14,370. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.25. Orbit International has a 1-year low of $2.42 and a 1-year high of $13.57. The stock has a market cap of $10.20 million, a PE ratio of -2.01 and a beta of 0.56. The business has a fifty day moving average price of $3.98 and a 200-day moving average price of $4.88.

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

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.