Servotronics, Inc. (NYSEAMERICAN:SVT) Sees Large Increase in Short Interest

Servotronics, Inc. (NYSEAMERICAN:SVT) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,400 shares, a growth of 100.0% from the February 13th total of 1,700 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 2.4 days.

Servotronics Trading Down 2.6 %

Shares of NYSEAMERICAN:SVT traded down $0.28 on Friday, hitting $10.60. The company had a trading volume of 854 shares, compared to its average volume of 3,516. The company has a market cap of $27.03 million, a PE ratio of 212.04 and a beta of 0.51. The stock’s 50 day moving average is $10.79. Servotronics has a 1-year low of $10.16 and a 1-year high of $13.75.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC grew its position in Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the conglomerate’s stock after purchasing an additional 6,656 shares during the quarter. Courier Capital LLC owned about 0.98% of Servotronics worth $265,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.77% of the company’s stock.

Servotronics Company Profile

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.