Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Short Interest Update

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,000 shares, an increase of 51.5% from the February 29th total of 3,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is presently 1.6 days.

Chicago Rivet & Machine Trading Up 3.8 %

Shares of NYSEAMERICAN:CVR traded up $0.62 during midday trading on Friday, reaching $17.00. 1,386 shares of the company’s stock traded hands, compared to its average volume of 3,813. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $31.22. The stock’s 50 day moving average price is $24.94. The company has a market capitalization of $16.49 million, a P/E ratio of -3.94 and a beta of 0.10.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Thursday, March 28th. The company reported ($1.60) EPS for the quarter. The company had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative return on equity of 14.21% and a negative net margin of 13.21%.

Chicago Rivet & Machine Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 annualized dividend and a yield of 2.35%. Chicago Rivet & Machine’s payout ratio is presently -9.26%.

Hedge Funds Weigh In On Chicago Rivet & Machine

A number of institutional investors have recently bought and sold shares of CVR. Dimensional Fund Advisors LP lifted its holdings in Chicago Rivet & Machine by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 68,710 shares of the company’s stock valued at $1,771,000 after purchasing an additional 576 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Chicago Rivet & Machine by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 49,210 shares of the company’s stock worth $1,402,000 after buying an additional 500 shares during the period. Vanguard Group Inc. raised its holdings in Chicago Rivet & Machine by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 41,282 shares of the company’s stock valued at $701,000 after acquiring an additional 1,300 shares during the period. Morgan Stanley raised its stake in Chicago Rivet & Machine by 8.6% during the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock valued at $363,000 after purchasing an additional 1,005 shares during the period. Finally, Cannell Capital LLC purchased a new stake in Chicago Rivet & Machine during the 3rd quarter valued at approximately $202,000. 19.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company 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 manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.