Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Decreases By 65.1%

Orbit International Corp. (OTCMKTS:ORBT) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 2,475 shares, a drop of 65.1% from the August 15th total of 7,091 shares. Based on an average daily volume of 15,781 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Orbit International Trading Down 3.6%

Shares of Orbit International stock opened at $2.71 on Friday. The firm’s 50 day moving average is $3.48 and its 200 day moving average is $4.65. The firm has a market capitalization of $9.58 million, a PE ratio of -1.88 and a beta of 0.53. Orbit International has a 1 year low of $2.42 and a 1 year high of $13.57. The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03.

Orbit International (OTCMKTS:ORBT) last issued its earnings results on Thursday, August 13th. The company reported ($0.51) earnings per share for the quarter. The company 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%.

Orbit International Company Profile

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.