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

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 3,144 shares, a drop of 47.9% from the January 15th total of 6,037 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,846 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 4,846 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Chicago Rivet & Machine Price Performance

Shares of NYSEAMERICAN:CVR traded up $0.63 on Friday, hitting $13.98. The company had a trading volume of 1,733 shares, compared to its average volume of 3,343. The company has a current ratio of 5.97, a quick ratio of 3.17 and a debt-to-equity ratio of 0.02. The company has a market cap of $13.56 million, a PE ratio of -3.11 and a beta of 0.11. Chicago Rivet & Machine has a 52-week low of $8.15 and a 52-week high of $15.18. The business has a 50 day moving average of $13.59 and a 200 day moving average of $11.37.

Chicago Rivet & Machine Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.03 per share. The ex-dividend date was Friday, December 5th. This represents a $0.12 annualized dividend and a yield of 0.9%. Chicago Rivet & Machine’s dividend 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.