Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Sees Significant Increase in Short Interest

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRGet Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,400 shares, a growth of 41.2% from the January 15th total of 1,700 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CVR. Vanguard Group Inc. lifted its holdings in Chicago Rivet & Machine by 91.7% during the 1st quarter. Vanguard Group Inc. now owns 28,479 shares of the company’s stock worth $746,000 after buying an additional 13,626 shares during the period. Renaissance Technologies LLC lifted its holdings in Chicago Rivet & Machine by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 49,210 shares of the company’s stock worth $1,402,000 after buying an additional 500 shares during the period. Captrust Financial Advisors acquired a new position in shares of Chicago Rivet & Machine in the 2nd quarter valued at about $41,000. Dimensional Fund Advisors LP lifted its stake in shares of Chicago Rivet & Machine by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,710 shares of the company’s stock valued at $1,771,000 after purchasing an additional 576 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Chicago Rivet & Machine in the 4th quarter valued at about $43,000. 20.88% of the stock is owned by institutional investors and hedge funds.

Chicago Rivet & Machine Price Performance

Shares of CVR opened at $15.75 on Tuesday. The firm has a market cap of $15.28 million, a P/E ratio of -3.65 and a beta of 0.14. Chicago Rivet & Machine has a 12 month low of $15.16 and a 12 month high of $32.94. The stock’s 50-day moving average is $24.91.

Chicago Rivet & Machine Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.54%. The ex-dividend date was Monday, December 4th. Chicago Rivet & Machine’s payout ratio is presently -9.26%.

Analysts Set New Price Targets

CVR has been the topic of a number of research reports. initiated coverage on Chicago Rivet & Machine in a research report on Monday. They set a “sell” rating on the stock. TheStreet lowered Chicago Rivet & Machine from a “c” rating to a “d” rating in a research report on Thursday, November 9th.

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About Chicago Rivet & Machine

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Chicago Rivet & Machine Co operates in the fastener industry in North America. The company 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 and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.

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