Orbit International Corp. (OTCMKTS:ORBT) Stock Short Interest Falls 75.4%

Orbit International Corp. (OTCMKTS:ORBT) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 423 shares, a decline of 75.4% from the October 15th total of 1,720 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,347 shares, the days-to-cover ratio is presently 0.1 days.

Orbit International Stock Up 1.1%

Orbit International stock traded up $0.03 during mid-day trading on Friday, reaching $2.53. The company’s stock had a trading volume of 2,603 shares, compared to its average volume of 18,806. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.41 and a current ratio of 1.25. Orbit International has a 12 month low of $2.38 and a 12 month high of $13.57. The business’s 50 day simple moving average is $2.64 and its 200 day simple moving average is $4.26. The company has a market capitalization of $8.93 million, a price-to-earnings ratio of -1.76 and a beta of 0.63.

Orbit International (OTCMKTS:ORBT) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. Orbit International had a negative return on equity of 41.21% and a negative net margin of 21.42%. The firm had revenue of $6.16 million for the quarter.

Orbit International Company Profile

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.