Short Interest in Orbit International Corp. (OTCMKTS:ORBT) Rises By 33.3%

Orbit International Corp. (OTCMKTS:ORBT – Get Rating) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 800 shares, a growth of 33.3% from the March 15th total of 600 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 0.7 days.

OTCMKTS ORBT remained flat at $$7.30 during trading hours on Tuesday. The stock’s 50 day simple moving average is $7.50 and its two-hundred day simple moving average is $6.92. The company has a market capitalization of $25.63 million, a P/E ratio of 7.84 and a beta of 0.67. Orbit International has a 12 month low of $5.34 and a 12 month high of $8.29.

Orbit International (OTCMKTS:ORBT – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter. Orbit International had a return on equity of 16.43% and a net margin of 14.61%. The business had revenue of $4.96 million for the quarter.

About Orbit International (Get Rating)

Orbit International Corp. designs, manufactures, and sells electronic components and subsystems, and commercial and custom power units for prime contractors, government procurement agencies, and research and development laboratories worldwide. The company operates in two segments, Electronics Group and Power Group.

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