Short Interest in Nortech Systems Incorporated (NASDAQ:NSYS) Decreases By 32.3%

Nortech Systems Incorporated (NASDAQ:NSYS) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a drop of 32.3% from the February 13th total of 6,200 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Nortech Systems Trading Down 3.3 %

Shares of NSYS traded down $0.33 during trading on Monday, reaching $9.73. 3,471 shares of the company traded hands, compared to its average volume of 8,687. Nortech Systems has a twelve month low of $9.50 and a twelve month high of $19.15. The stock has a market cap of $26.83 million, a PE ratio of 6.28 and a beta of 0.38. The stock has a 50-day simple moving average of $10.20 and a 200-day simple moving average of $10.99. 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 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.