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

Nortech Systems Incorporated (NASDAQ:NSYS) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 7,400 shares, an increase of 15.6% from the November 15th total of 6,400 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.8% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Institutional Trading of Nortech Systems

A hedge fund recently raised its stake in Nortech Systems stock. Renaissance Technologies LLC lifted its stake in shares of Nortech Systems Incorporated (NASDAQ:NSYS) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 53,799 shares of the electronics maker’s stock after acquiring an additional 3,540 shares during the period. Renaissance Technologies LLC owned approximately 1.95% of Nortech Systems worth $734,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.05% of the company’s stock.

Nortech Systems Trading Up 0.5 %

Nortech Systems stock opened at $11.50 on Friday. The stock has a market cap of $31.74 million, a P/E ratio of 7.42 and a beta of 0.46. Nortech Systems has a fifty-two week low of $8.92 and a fifty-two week high of $19.15. The firm’s fifty day moving average price is $11.35 and its 200-day moving average price is $12.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.59.

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.