Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Short Interest Up 99.1% in January

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 6,037 shares, an increase of 99.1% from the December 31st total of 3,032 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,384 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 5,384 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.6% of the shares of the stock are short sold.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN:CVR traded down $0.54 on Friday, hitting $13.15. The company had a trading volume of 8,059 shares, compared to its average volume of 4,712. The company has a quick ratio of 3.17, a current ratio of 5.97 and a debt-to-equity ratio of 0.02. Chicago Rivet & Machine has a 52-week low of $8.15 and a 52-week high of $16.24. The business has a 50 day moving average of $12.81 and a 200 day moving average of $11.27.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its earnings results on Friday, November 7th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $7.36 million during the quarter. Chicago Rivet & Machine had a negative net margin of 16.69% and a negative return on equity of 21.59%.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.03 dividend. 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 payout ratio is -3.27%.

About Chicago Rivet & Machine

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.