Servotronics, Inc. (NYSEAMERICAN:SVT) Short Interest Up 250.0% in January

Servotronics, Inc. (NYSEAMERICAN:SVT) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 1,400 shares, an increase of 250.0% from the December 31st total of 400 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

Servotronics Stock Performance

Servotronics stock opened at $10.74 on Wednesday. The stock has a market cap of $27.39 million, a price-to-earnings ratio of 39.93 and a beta of 0.50. Servotronics has a 1 year low of $10.16 and a 1 year high of $14.10.

Servotronics (NYSEAMERICAN:SVT) last released its quarterly earnings data on Friday, November 8th. The conglomerate reported $0.05 EPS for the quarter. The business had revenue of $12.43 million during the quarter. Servotronics had a return on equity of 2.85% and a net margin of 0.30%.

Hedge Funds Weigh In On Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC raised its holdings in Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the conglomerate’s stock after purchasing an additional 6,656 shares during the quarter. Courier Capital LLC owned 0.98% of Servotronics worth $265,000 as of its most recent SEC filing. 24.77% of the stock is owned by hedge funds and other institutional investors.

Servotronics Company Profile

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.