Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Drops By 26.9%

by · The Cerbat Gem

Orbit International Corp. (OTCMKTS:ORBT – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,031 shares, a decrease of 26.9% from the December 15th total of 5,515 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,180 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 2,180 shares, the short-interest ratio is currently 1.8 days. Currently, 0.1% of the shares of the company are short sold.

Orbit International Trading Up 0.9%

ORBT traded up $0.04 on Friday, hitting $4.64. 1,111 shares of the stock traded hands, compared to its average volume of 1,342. The business has a fifty day moving average price of $4.09 and a two-hundred day moving average price of $3.70. Orbit International has a 52 week low of $2.25 and a 52 week high of $4.75. The firm has a market capitalization of $16.39 million, a PE ratio of -3.36 and a beta of 0.09.

Orbit International (OTCMKTS:ORBT – Get Free Report) last announced its quarterly earnings data on Tuesday, November 11th. The company reported ($0.26) earnings per share for the quarter. Orbit International had a negative return on equity of 29.85% and a negative net margin of 18.70%.The firm had revenue of $5.78 million for the quarter.

About Orbit International

(Get Free Report)

Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.

Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.

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