Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 6,400 shares, a drop of 16.9% from the August 31st total of 7,700 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 8,000 shares, the short-interest ratio is presently 0.8 days.

Nortech Systems Trading Up 0.1 %

Shares of NSYS stock opened at $12.05 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.56 and a debt-to-equity ratio of 0.24. Nortech Systems has a 12-month low of $7.45 and a 12-month high of $19.15. The stock has a market capitalization of $33.22 million, a P/E ratio of 5.00 and a beta of 0.53. The firm’s 50 day moving average is $12.64 and its 200 day moving average is $13.35.

Nortech Systems (NASDAQ:NSYS) last released its quarterly earnings results on Thursday, August 8th. The electronics maker reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $33.89 million for the quarter. Nortech Systems had a return on equity of 18.90% and a net margin of 4.71%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nortech Systems stock. Renaissance Technologies LLC increased its holdings in Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,799 shares of the electronics maker’s stock after buying an additional 3,540 shares during the quarter. Renaissance Technologies LLC owned 1.95% of Nortech Systems worth $734,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Nortech Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

Nortech Systems Company Profile

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.