Short Interest in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Increases By 11.6%

Posted by Maddie Sorensen on Jul 30th, 2024

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 4,800 shares, a growth of 11.6% from the June 30th total of 4,300 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.7% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Chicago Rivet & Machine in a report on Monday. They set a “sell” rating on the stock.

Read Our Latest Stock Analysis on Chicago Rivet & Machine

Chicago Rivet & Machine Stock Up 1.7 %

NYSEAMERICAN:CVR traded up $0.25 during mid-day trading on Monday, hitting $15.36. 962 shares of the company’s stock traded hands, compared to its average volume of 2,323. The company has a market cap of $14.60 million, a price-to-earnings ratio of -3.23 and a beta of 0.15. Chicago Rivet & Machine has a 12 month low of $13.81 and a 12 month high of $26.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Free Report) last posted its quarterly earnings results on Friday, May 10th. The company reported ($0.72) EPS for the quarter. The firm had revenue of $7.85 million during the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%.

Chicago Rivet & Machine Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.40 annualized dividend and a yield of 2.60%. Chicago Rivet & Machine’s dividend payout ratio is currently -8.55%.

Chicago Rivet & Machine Company Profile

(Get Free Report)

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 engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.