Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 83.8% in March

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,800 shares, an increase of 83.8% from the March 15th total of 3,700 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 1.1 days.

Nortech Systems Stock Down 0.5 %

NSYS traded down $0.04 during trading on Friday, hitting $7.72. 1,382 shares of the company’s stock traded hands, compared to its average volume of 8,528. Nortech Systems has a 12-month low of $7.25 and a 12-month high of $19.15. The company’s 50 day simple moving average is $9.46 and its two-hundred day simple moving average is $10.46. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $21.33 million, a price-to-earnings ratio of 4.98 and a beta of 0.30.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Monday, March 31st. The electronics maker reported ($0.54) earnings per share for the quarter. The business had revenue of $28.62 million during the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Nortech Systems in a report on Monday. They set a “hold” rating for the company.

About Nortech Systems

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.