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

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

Orbit International Stock Performance

OTCMKTS ORBT opened at $3.80 on Friday. The company has a market capitalization of $13.43 million, a price-to-earnings ratio of -2.88 and a beta of 0.54. The stock has a 50-day moving average of $5.40 and a 200 day moving average of $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 posted its earnings results on Thursday, May 14th. The company reported ($0.46) EPS for the quarter. The company had revenue of $5.24 million during the quarter. Orbit International had a negative return on equity of 34.08% and a negative net margin of 19.24%.

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.