Nortech Systems Incorporated (NASDAQ:NSYS) Sees Significant Growth in Short Interest

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,100 shares, a growth of 450.0% from the May 15th total of 200 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Separately, ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st.

NASDAQ NSYS traded down $0.01 during trading hours on Friday, reaching $3.65. 330 shares of the company traded hands, compared to its average volume of 7,360. Nortech Systems has a 12 month low of $3.21 and a 12 month high of $8.08. The company has a quick ratio of 1.23, a current ratio of 1.80 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $9.80 million, a PE ratio of 53.00 and a beta of 1.02. The stock has a 50 day simple moving average of $3.97.

Nortech Systems (NASDAQ:NSYS) last posted its quarterly earnings data on Wednesday, May 15th. The electronics maker reported ($0.14) EPS for the quarter. Nortech Systems had a net margin of 0.17% and a return on equity of 0.93%. The company had revenue of $28.17 million for the quarter.

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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