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

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,261 shares, an increase of 3,338.6% from the April 15th total of 153 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 3,248 shares, the short-interest ratio is currently 1.6 days.

Chicago Rivet & Machine Price Performance

CVR stock traded down $0.16 on Wednesday, hitting $9.94. 1,136 shares of the company were exchanged, compared to its average volume of 4,028. Chicago Rivet & Machine has a twelve month low of $8.50 and a twelve month high of $15.00. The business’s fifty day moving average is $11.85 and its two-hundred day moving average is $12.03. The stock has a market capitalization of $9.64 million, a price-to-earnings ratio of -4.73 and a beta of 0.35.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings results on Tuesday, March 24th. The company reported ($1.20) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 7.15% and a negative return on equity of 10.54%. The firm had revenue of $5.99 million for the quarter.

Chicago Rivet & Machine Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. Chicago Rivet & Machine’s payout ratio 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.