Nortech Systems Incorporated (NASDAQ:NSYS) Short Interest Down 56.9% in December

Nortech Systems Incorporated (NASDAQ:NSYS) saw a significant decrease in short interest in 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 company are short sold. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

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

Nortech Systems Price Performance

Shares of NASDAQ NSYS opened at $10.29 on Thursday. The stock has a market cap of $28.40 million, a P/E ratio of 6.64 and a beta of 0.47. Nortech Systems has a twelve month low of $9.13 and a twelve month high of $19.15. The stock has a 50 day moving average of $10.67 and a two-hundred day moving average of $11.95. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Nortech Systems

An institutional investor recently bought a new position in Nortech Systems stock. Dimensional Fund Advisors LP acquired a new stake in Nortech Systems Incorporated (NASDAQ:NSYS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

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.