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

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

Nortech Systems Price Performance

NASDAQ:NSYS traded down $0.33 during trading hours on Monday, reaching $9.73. 3,471 shares of the company were exchanged, compared to its average volume of 8,687. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $10.99. The firm has a market cap of $26.83 million, a PE ratio of 6.28 and a beta of 0.38. Nortech Systems has a twelve month low of $9.50 and a twelve month high of $19.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Nortech Systems in a research report on Thursday. They set 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.