Orbit International Corp. (OTCMKTS:ORBT) Shares Shorted: Short Interest Down 46.5% in October

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,720 shares, a decrease of 46.5% from the September 30th total of 3,215 shares. Based on an average daily trading volume, of 3,507 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Orbit International Stock Performance

Orbit International stock remained flat at $2.50 during midday trading on Friday. 1,210 shares of the company’s stock traded hands, compared to its average volume of 2,472. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.41 and a current ratio of 1.25. The stock has a market cap of $8.82 million, a PE ratio of -1.74 and a beta of 0.60. Orbit International has a 52 week low of $2.45 and a 52 week high of $13.57. The business has a 50-day moving average price of $2.71 and a 200 day moving average price of $4.36.

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

About Orbit International

Orbit International Corporation is a U.S.-based manufacturer of electronic components, subsystems and power products for military, aerospace, industrial, medical and other commercial applications. The company develops equipment used in specialized systems where reliability, durability and performance are important requirements.

Through its operating businesses, Orbit produces products such as cockpit display systems, electronic control panels, video systems, embedded computers and related electronic assemblies.