Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,400 shares, a drop of 30.0% from the July 31st total of 2,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 0.7 days.
Shares of CVR traded down $0.03 during mid-day trading on Wednesday, reaching $26.78. 3,400 shares of the company’s stock were exchanged, compared to its average volume of 1,935. Chicago Rivet & Machine has a 52-week low of $25.85 and a 52-week high of $34.90.
Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $8.88 million for the quarter.
A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in shares of Chicago Rivet & Machine by 768.1% in the second quarter. Wells Fargo & Company MN now owns 1,606 shares of the company’s stock worth $45,000 after acquiring an additional 1,421 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Chicago Rivet & Machine by 1.5% in the second quarter. Renaissance Technologies LLC now owns 64,110 shares of the company’s stock valued at $1,826,000 after acquiring an additional 926 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Chicago Rivet & Machine by 16.6% in the second quarter. Morgan Stanley now owns 12,309 shares of the company’s stock valued at $351,000 after acquiring an additional 1,748 shares in the last quarter.
Separately, TheStreet cut shares of Chicago Rivet & Machine from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd.
Chicago Rivet & Machine Company Profile
Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment manufactures and sells automatic rivet setting machines and assembly equipment, as well as related parts and tools.
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