Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Update

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a decrease of 32.3% from the February 13th total of 6,200 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is currently 0.7 days.

Nortech Systems Stock Up 2.0 %

Shares of NSYS traded up $0.20 during midday trading on Friday, hitting $9.78. The company had a trading volume of 8,361 shares, compared to its average volume of 8,708. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. Nortech Systems has a 52 week low of $9.50 and a 52 week high of $19.15. The company’s 50 day moving average price is $10.20 and its 200 day moving average price is $11.01. The stock has a market cap of $26.95 million, a price-to-earnings ratio of 6.31 and a beta of 0.38.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Nortech Systems in a research note on Thursday. They issued a “hold” rating for the company.

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.