Servotronics, Inc. (NYSEAMERICAN:SVT) Sees Large Decrease in Short Interest

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Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 900 shares, a decrease of 30.8% from the April 30th total of 1,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 7,600 shares, the short-interest ratio is currently 0.1 days.

Separately, TheStreet lowered shares of Servotronics from a “b” rating to a “c+” rating in a report on Monday, May 20th.

Shares of SVT opened at $10.40 on Wednesday. Servotronics has a 1-year low of $9.02 and a 1-year high of $13.70.

The business also recently disclosed an annual dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.16 per share. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 27th.

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Servotronics Company Profile

Servotronics, Inc designs, manufactures, and markets control components and consumer products in the United States and internationally. The company operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides servo-control components to the commercial aerospace, aircraft, and government related industries; and medical and industrial markets.

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