Nortech Systems Incorporated (NASDAQ:NSYS) Sees Large Growth in Short Interest

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

Institutional Trading of Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP purchased a new position in shares of Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned 0.39% of Nortech Systems as of its most recent filing with the Securities and Exchange Commission (SEC). 3.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Nortech Systems Trading Up 0.5 %

NSYS opened at $11.50 on Friday. The firm has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $12.19. Nortech Systems has a 1-year low of $8.92 and a 1-year high of $19.15. 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 has a market capitalization of $31.74 million, a PE ratio of 7.42 and a beta of 0.46.

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.