Short Interest in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Drops By 31.9%

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 1,464 shares, a decline of 31.9% from the February 26th total of 2,150 shares. Based on an average trading volume of 2,718 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Chicago Rivet & Machine Stock Down 10.2%

CVR traded down $1.14 during midday trading on Friday, reaching $10.02. 6,199 shares of the company’s stock were exchanged, compared to its average volume of 3,086. The business has a 50-day simple moving average of $13.61 and a two-hundred day simple moving average of $11.90. The firm has a market capitalization of $9.72 million, a price-to-earnings ratio of -4.66 and a beta of 0.10. Chicago Rivet & Machine has a one year low of $8.15 and a one year high of $15.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings data on Tuesday, March 24th. The company reported ($1.20) earnings per share (EPS) for the quarter. The company had revenue of $5.99 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 10.48% and a negative net margin of 7.19%.

Chicago Rivet & Machine Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -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.