Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Up 66.5% in January

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 10,090 shares, a growth of 66.5% from the January 15th total of 6,061 shares. Based on an average trading volume of 4,897 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 4,897 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Nortech Systems in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Nortech Systems Stock Up 0.1%

Shares of Nortech Systems stock opened at $9.40 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. Nortech Systems has a 52-week low of $6.50 and a 52-week high of $12.40. The company has a market capitalization of $26.23 million and a P/E ratio of -9.89. The company has a 50 day moving average of $8.03 and a 200 day moving average of $8.50.

Nortech Systems (NASDAQ:NSYS) last announced its quarterly earnings data on Thursday, November 13th. The electronics maker reported ($0.05) earnings per share for the quarter. The firm had revenue of $30.48 million during the quarter. Nortech Systems had a negative net margin of 2.25% and a negative return on equity of 7.93%.

Nortech Systems Company Profile

Nortech Systems, Inc is a specialized engineering and manufacturing company that designs, develops and produces custom gas distribution and control solutions. Its core offerings include cryogenic valves and regulators, gas distribution panels and manifolds, and precision instrumentation for monitoring and controlling the delivery of industrial, specialty and medical gases. The company leverages in-house engineering, machining and assembly capabilities to tailor products to the exact specifications of its customers.

In addition to its mechanical product lines, Nortech Systems provides electronic monitoring and control systems.