Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update
by Renee Jackson · The Cerbat GemNortech Systems Incorporated (NASDAQ:NSYS – Get Free Report) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 3,144 shares, a drop of 42.2% from the February 12th total of 5,442 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,649 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 3,649 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nortech Systems in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Report on Nortech Systems
Nortech Systems Stock Down 3.3%
NASDAQ NSYS traded down $0.31 on Friday, reaching $9.20. The company had a trading volume of 2,198 shares, compared to its average volume of 3,250. The company’s fifty day moving average is $8.85 and its 200-day moving average is $8.61. The firm has a market capitalization of $25.67 million, a price-to-earnings ratio of -9.68 and a beta of -0.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.76. Nortech Systems has a 1-year low of $6.50 and a 1-year high of $12.40.
About Nortech Systems
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.