Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Declines By 40.9%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,300 shares, a decrease of 40.9% from the August 30th total of 2,200 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.4 days.

Separately, ValuEngine raised shares of Nortech Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ NSYS traded up $0.01 on Friday, reaching $2.95. 4,138 shares of the company traded hands, compared to its average volume of 5,276. Nortech Systems has a fifty-two week low of $2.84 and a fifty-two week high of $5.50. The company has a 50 day moving average of $3.07 and a 200 day moving average of $3.75. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 1.11.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.58) EPS for the quarter. Nortech Systems had a negative net margin of 1.54% and a negative return on equity of 8.57%. The company had revenue of $27.29 million for the quarter.

About Nortech Systems

Nortech Systems Incorporated operates as an electronic manufacturing services company in the United States, Mexico, and China. The company provides value-added engineering, technical and manufacturing, and support services, including project management, designing, testing, prototyping, supply chain management, and post-market services.

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