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

Servotronics, Inc. (NYSEAMERICAN:SVT) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,700 shares, a drop of 54.1% from the January 31st total of 3,700 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the stock are short sold.

Servotronics Trading Up 4.4 %

Shares of SVT stock traded up $0.46 during trading hours on Friday, hitting $10.86. The stock had a trading volume of 2,877 shares, compared to its average volume of 1,703. The stock has a market capitalization of $27.69 million, a price-to-earnings ratio of 217.24 and a beta of 0.51. Servotronics has a one year low of $10.16 and a one year high of $13.85.

Institutional Investors Weigh In On Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC lifted its position in Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the 4th quarter, according to its most recent 13F filing with the Securities and 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 0.98% of Servotronics worth $265,000 at the end of the most recent reporting period. 24.77% of the stock is owned by 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.