Servotronics, Inc. (NYSEAMERICAN:SVT) Short Interest Up 100.0% in February

Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,400 shares, a growth of 100.0% from the February 13th total of 1,700 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Servotronics

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC raised its stake in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the conglomerate’s stock after buying an additional 6,656 shares during the period. Courier Capital LLC owned about 0.98% of Servotronics worth $265,000 as of its most recent SEC filing. 24.77% of the stock is owned by institutional investors.

Servotronics Stock Down 2.6 %

Servotronics stock traded down $0.28 during mid-day trading on Friday, hitting $10.60. The company’s stock had a trading volume of 854 shares, compared to its average volume of 3,533. The firm has a market capitalization of $27.03 million, a PE ratio of 212.04 and a beta of 0.51. Servotronics has a twelve month low of $10.16 and a twelve month high of $13.75. The firm’s fifty day simple moving average is $10.78.

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.