Nortech Systems Incorporated (NASDAQ:NSYS) Sees Significant Decrease in Short Interest

Nortech Systems Incorporated (NASDAQ:NSYS) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,800 shares, a decrease of 56.9% from the December 15th total of 6,500 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP bought a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,868 shares of the electronics maker’s stock, valued at approximately $148,000. Dimensional Fund Advisors LP owned about 0.39% of Nortech Systems at the end of the most recent quarter. Hedge funds and other institutional investors own 3.05% of the company’s stock.

Nortech Systems Stock Performance

NSYS stock opened at $10.02 on Thursday. Nortech Systems has a 12 month low of $9.13 and a 12 month high of $19.15. The company has a market capitalization of $27.66 million, a price-to-earnings ratio of 6.46 and a beta of 0.47. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $10.67 and a two-hundred day moving average of $11.95.

Analyst Ratings Changes

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

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.