Giga-tronics Incorporated (OTCMKTS:GIGA) Short Interest Down 66.7% in March

Giga-tronics Incorporated (OTCMKTS:GIGA – Get Rating) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 100 shares, a decrease of 66.7% from the March 15th total of 300 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 0.0 days.

OTCMKTS GIGA opened at $2.28 on Friday. The company has a fifty day moving average of $2.54 and a two-hundred day moving average of $2.91. Giga-tronics has a 1 year low of $2.18 and a 1 year high of $4.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 2.18.

Giga-tronics (OTCMKTS:GIGA – Get Rating) last posted its earnings results on Tuesday, February 8th. The scientific and technical instruments company reported ($0.29) earnings per share for the quarter. The firm had revenue of $1.97 million during the quarter. Giga-tronics had a negative net margin of 22.98% and a negative return on equity of 149.33%.

About Giga-tronics (Get Rating)

Giga-tronics Incorporated, together with its subsidiaries, develops and manufactures electronics equipment for military test and airborne operational applications in the United States and internationally. It operates through two segments, Microsource and the Giga-tronics Division. The company also develops microwave integrated components, as well as MIC components; Band Reject Filters for RADAR/EW (electronic warfare) for solving interference problems in RADAR/EW applications; self-protection systems for military aircrafts; and RADAR filters for military fighter jet aircraft.

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