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

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 6,100 shares, a decline of 15.3% from the February 13th total of 7,200 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 3.2 days.

Analysts Set New Price Targets

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

Chicago Rivet & Machine Trading Up 3.2 %

NYSEAMERICAN CVR traded up $0.45 on Thursday, hitting $14.15. The stock had a trading volume of 365 shares, compared to its average volume of 2,352. Chicago Rivet & Machine has a 52-week low of $13.40 and a 52-week high of $22.27. The firm has a market capitalization of $13.72 million, a P/E ratio of -3.85 and a beta of 0.16.

Chicago Rivet & Machine Dividend Announcement

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

Chicago Rivet & Machine Company Profile

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.