Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Rises By 88.7%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 13,400 shares, a growth of 88.7% from the May 15th total of 7,100 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Nortech Systems in a research report on Friday, May 16th. They set a “hold” rating for the company.

Nortech Systems Stock Performance

Shares of NASDAQ NSYS opened at $9.15 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59. The stock has a 50 day moving average price of $8.69 and a 200 day moving average price of $9.76. The stock has a market capitalization of $25.26 million, a PE ratio of 5.90 and a beta of 0.28. Nortech Systems has a 52 week low of $7.25 and a 52 week high of $15.55.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Wednesday, May 14th. The electronics maker reported ($0.48) earnings per share (EPS) for the quarter. Nortech Systems had a return on equity of 12.76% and a net margin of 3.35%. The company had revenue of $26.90 million for the quarter.

Nortech Systems Company Profile

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.