Short Interest in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Drops By 15.3%

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 6,100 shares, a drop of 15.3% from the February 13th total of 7,200 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is presently 3.2 days. Currently, 0.8% of the company’s shares are short sold.

Chicago Rivet & Machine Price Performance

NYSEAMERICAN CVR traded up $0.45 during trading on Thursday, hitting $14.15. The stock had a trading volume of 365 shares, compared to its average volume of 2,352. The company has a market cap of $13.72 million, a P/E ratio of -3.85 and a beta of 0.16. Chicago Rivet & Machine has a one year low of $13.40 and a one year high of $22.27.

Chicago Rivet & Machine Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Wednesday, March 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -3.27%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Chicago Rivet & Machine in a report on Monday, January 13th. They issued a “sell” rating for the company.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.