Servotronics, Inc. (NYSEAMERICAN:SVT) Short Interest Update

Servotronics, Inc. (NYSEAMERICAN:SVT) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a decrease of 35.3% from the February 28th total of 3,400 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC lifted its position in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,000 shares of the conglomerate’s stock after acquiring an additional 6,656 shares during the quarter. Courier Capital LLC owned approximately 0.98% of Servotronics worth $265,000 at the end of the most recent reporting period. Institutional investors own 24.77% of the company’s stock.

Servotronics Stock Performance

NYSEAMERICAN SVT traded down $0.12 during midday trading on Friday, hitting $10.45. The company had a trading volume of 579 shares, compared to its average volume of 3,120. The stock has a fifty day moving average of $10.75. The firm has a market cap of $26.65 million, a PE ratio of 209.04 and a beta of 0.51. Servotronics has a fifty-two week low of $10.16 and a fifty-two week high of $13.75.

Servotronics (NYSEAMERICAN:SVT) last issued its earnings results on Monday, March 17th. The conglomerate reported ($0.64) EPS for the quarter. Servotronics had a net margin of 0.30% and a return on equity of 2.85%. During the same period last year, the business earned ($4.37) earnings per share.

About Servotronics

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.