Short Interest in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Increases By 125.0%

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRGet Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 900 shares, a growth of 125.0% from the April 30th total of 400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 0.3 days.

NYSEAMERICAN:CVR opened at $26.58 on Friday. Chicago Rivet & Machine has a 52-week low of $24.90 and a 52-week high of $32.88.

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Rating) last announced its earnings results on Monday, March 21st. The company reported $0.08 earnings per share for the quarter. Chicago Rivet & Machine had a return on equity of 3.51% and a net margin of 3.01%. The company had revenue of $7.75 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Friday, June 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 3.31%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently 83.81%.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Chicago Rivet & Machine by 91.7% in the 1st quarter. Vanguard Group Inc. now owns 28,479 shares of the company’s stock valued at $746,000 after buying an additional 13,626 shares during the period. American Assets Investment Management LLC acquired a new stake in shares of Chicago Rivet & Machine in the 4th quarter valued at approximately $256,000. Cannell Capital LLC lifted its holdings in shares of Chicago Rivet & Machine by 33.0% in the 3rd quarter. Cannell Capital LLC now owns 3,269 shares of the company’s stock valued at $88,000 after buying an additional 811 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Chicago Rivet & Machine by 1.5% in the 3rd quarter. Morgan Stanley now owns 28,241 shares of the company’s stock valued at $759,000 after buying an additional 426 shares during the period.

Separately, TheStreet downgraded Chicago Rivet & Machine from a “b-” rating to a “c+” rating in a research note on Monday, April 18th.

About Chicago Rivet & Machine (Get Rating)

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment manufactures automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.

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