Short Interest in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Expands By 13.0%

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRGet Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 6,100 shares, an increase of 13.0% from the April 15th total of 5,400 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 2.7 days.

Chicago Rivet & Machine Stock Down 5.2 %

CVR stock opened at $15.40 on Wednesday. Chicago Rivet & Machine has a 52-week low of $14.73 and a 52-week high of $28.00. The firm has a market cap of $14.94 million, a price-to-earnings ratio of -3.29 and a beta of 0.13.

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Free Report) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.48%. The company had revenue of $6.78 million during the quarter.

Chicago Rivet & Machine Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were issued a $0.10 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 2.60%. Chicago Rivet & Machine’s dividend payout ratio is currently -8.55%.

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 19.87% of the company’s stock.

Analysts Set New Price Targets

Separately, initiated coverage on shares of Chicago Rivet & Machine in a research note on Sunday. They issued a “sell” rating for the company.

View Our Latest Research Report on Chicago Rivet & Machine

About Chicago Rivet & Machine

(Get Free Report)

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.

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