Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Short Interest Update

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 5,400 shares, a growth of 8.0% from the March 15th total of 5,000 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 2,600 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Chicago Rivet & Machine in a research note on Friday, April 12th. They issued a “sell” rating for the company.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN:CVR remained flat at $15.50 during trading on Wednesday. 223 shares of the stock traded hands, compared to its average volume of 1,620. The stock has a market cap of $15.04 million, a price-to-earnings ratio of -3.40 and a beta of 0.11. Chicago Rivet & Machine has a 52-week low of $14.73 and a 52-week high of $30.48.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Thursday, March 28th. The company reported ($1.60) earnings per share for the quarter. The firm had revenue of $6.78 million for the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%.

Chicago Rivet & Machine Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Monday, March 4th. Chicago Rivet & Machine’s payout ratio is presently -8.77%.

Institutional Investors Weigh In On Chicago Rivet & Machine

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVR. Captrust Financial Advisors acquired a new stake in Chicago Rivet & Machine during the 2nd quarter worth $41,000. Advisor Group Holdings Inc. acquired a new stake in Chicago Rivet & Machine during the 4th quarter worth $43,000. BlackRock Inc. boosted its stake in Chicago Rivet & Machine by 206,600.0% during the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock worth $53,000 after purchasing an additional 2,066 shares during the last quarter. Cannell Capital LLC acquired a new stake in Chicago Rivet & Machine during the 3rd quarter worth $202,000. Finally, Morgan Stanley boosted its stake in Chicago Rivet & Machine by 8.6% during the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock worth $363,000 after purchasing an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 19.87% of the company’s stock.

About Chicago Rivet & Machine

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.