Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Expands By 15.6%

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 7,400 shares, a growth of 15.6% from the November 15th total of 6,400 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 1.4 days.

Nortech Systems Price Performance

Shares of NASDAQ NSYS traded down $0.12 during midday trading on Monday, reaching $11.38. 1,106 shares of the stock traded hands, compared to its average volume of 7,875. The company’s 50 day moving average is $11.33 and its 200 day moving average is $12.19. Nortech Systems has a one year low of $9.00 and a one year high of $19.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market capitalization of $31.41 million, a PE ratio of 7.34 and a beta of 0.46.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Nortech Systems in a research note on Sunday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP bought a new stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned approximately 0.39% of Nortech Systems at the end of the most recent quarter. Hedge funds and other institutional investors own 3.05% of the company’s stock.

About Nortech Systems

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.