Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Sees Large Growth in Short Interest

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 5,261 shares, a growth of 3,338.6% from the April 15th total of 153 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 3,248 shares, the short-interest ratio is presently 1.6 days.

Chicago Rivet & Machine Price Performance

Shares of NYSEAMERICAN CVR opened at $10.00 on Tuesday. The stock has a market capitalization of $9.70 million, a price-to-earnings ratio of -4.76 and a beta of 0.35. The business has a 50-day moving average of $11.92 and a 200-day moving average of $12.03. Chicago Rivet & Machine has a fifty-two week low of $8.50 and a fifty-two week high of $15.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings data on Tuesday, March 24th. The company reported ($1.20) earnings per share for the quarter. The company had revenue of $5.99 million during the quarter. Chicago Rivet & Machine had a negative net margin of 7.15% and a negative return on equity of 10.38%.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, March 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -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.