Nortech Systems Incorporated (NASDAQ:NSYS) Sees Large Increase in Short Interest

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 shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 4,897 shares, the days-to-cover ratio is currently 2.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nortech Systems in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Nortech Systems Stock Performance

NASDAQ:NSYS opened at $9.40 on Friday. The firm’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $8.50. The company has a quick ratio of 1.21, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. The stock has a market cap of $26.23 million and a PE ratio of -9.89. Nortech Systems has a fifty-two week low of $6.50 and a fifty-two week high of $12.40.

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

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.