Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Sees Large Growth in Short Interest

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 6,037 shares, a growth of 99.1% from the December 31st total of 3,032 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 5,384 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 5,384 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the company’s stock are short sold.

Chicago Rivet & Machine Trading Down 3.9%

Shares of CVR traded down $0.54 during midday trading on Friday, hitting $13.15. The stock had a trading volume of 8,059 shares, compared to its average volume of 4,712. The company has a 50 day simple moving average of $12.81 and a two-hundred day simple moving average of $11.27. Chicago Rivet & Machine has a twelve month low of $8.15 and a twelve month high of $16.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.17 and a current ratio of 5.97.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative return on equity of 21.59% and a negative net margin of 16.69%.The business had revenue of $7.36 million during the quarter.

Chicago Rivet & Machine Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.03 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is -3.27%.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co is a Chicago, Illinois–based manufacturer specializing in the design and production of rivets, fasteners and related metal components. The company’s product portfolio includes solid and blind rivets, threaded inserts, screws, bolts, nuts and washers, engineered to meet the requirements of high-precision industrial applications.

Serving a diverse customer base, Chicago Rivet & Machine brings expertise in material selection and heat-treatment processes to deliver fasteners that meet stringent specifications for strength, corrosion resistance and durability.