Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Declines By 40.9%

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 1,300 shares, a decline of 40.9% from the August 30th total of 2,200 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Separately, ValuEngine upgraded shares of Nortech Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

Shares of NASDAQ NSYS traded up $0.01 during trading on Friday, hitting $2.95. 4,138 shares of the company were exchanged, compared to its average volume of 5,276. Nortech Systems has a 1 year low of $2.84 and a 1 year high of $5.50. The firm’s fifty day moving average price is $3.07 and its 200 day moving average price is $3.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.88 and a quick ratio of 1.23.

Nortech Systems (NASDAQ:NSYS) last issued its earnings results on Wednesday, August 14th. The electronics maker reported ($0.58) EPS for the quarter. The company had revenue of $27.29 million for the quarter. Nortech Systems had a negative return on equity of 8.57% and a negative net margin of 1.54%.

Nortech Systems Company Profile

Nortech Systems Incorporated operates as an electronic manufacturing services company in the United States, Mexico, and China. The company provides value-added engineering, technical and manufacturing, and support services, including project management, designing, testing, prototyping, supply chain management, and post-market services.

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