Nortech Systems Incorporated (NASDAQ:NSYS) Sees Large Increase in Short Interest

Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 400 shares, an increase of 33.3% from the March 31st total of 300 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

NASDAQ NSYS traded up $0.48 on Monday, hitting $13.10. 501 shares of the company’s stock traded hands, compared to its average volume of 5,246. The company has a quick ratio of 1.45, a current ratio of 2.32 and a debt-to-equity ratio of 0.38. Nortech Systems has a 1-year low of $5.45 and a 1-year high of $14.20. The stock’s 50-day moving average price is $10.96. The firm has a market cap of $35.13 million, a price-to-earnings ratio of 5.09 and a beta of 1.26.

Nortech Systems (NASDAQ:NSYSGet Rating) last announced its quarterly earnings data on Monday, March 21st. The electronics maker reported $0.03 EPS for the quarter. Nortech Systems had a net margin of 6.21% and a return on equity of 11.20%. The business had revenue of $33.46 million during the quarter.

Separately, TheStreet raised shares of Nortech Systems from a “d+” rating to a “c” rating in a research report on Tuesday, March 8th.

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC raised its holdings in shares of Nortech Systems Incorporated (NASDAQ:NSYSGet Rating) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,663 shares of the electronics maker’s stock after acquiring an additional 9,904 shares during the period. Renaissance Technologies LLC owned approximately 2.88% of Nortech Systems worth $882,000 at the end of the most recent quarter. 3.74% of the stock is currently owned by institutional investors and hedge funds.

About Nortech Systems (Get Rating)

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.

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