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

Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 35.3% from the February 28th total of 3,400 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 1.6 days.

Servotronics Trading Down 1.1 %

Shares of Servotronics stock traded down $0.12 during trading hours on Friday, reaching $10.45. 579 shares of the company’s stock were exchanged, compared to its average volume of 3,120. The business’s 50 day moving average is $10.75. The firm has a market cap of $26.65 million, a PE ratio of 209.04 and a beta of 0.51. Servotronics has a fifty-two week low of $10.16 and a fifty-two week high of $13.75.

Servotronics (NYSEAMERICAN:SVT) last released its quarterly earnings results on Monday, March 17th. The conglomerate reported ($0.64) earnings per share for the quarter. Servotronics had a net margin of 0.30% and a return on equity of 2.85%. During the same quarter in the prior year, the firm earned ($4.37) earnings per share.

Institutional Investors Weigh In On Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC increased its position in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the conglomerate’s stock after acquiring 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 filing with the Securities and Exchange Commission. Institutional investors own 24.77% of the company’s stock.

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.