Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Sees Large Decrease in Short Interest

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 6,100 shares, a decrease of 15.3% from the February 13th total of 7,200 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is currently 3.2 days. Currently, 0.8% of the shares of the stock are sold short.

Chicago Rivet & Machine Price Performance

Shares of Chicago Rivet & Machine stock traded up $0.31 during mid-day trading on Wednesday, hitting $14.01. The stock had a trading volume of 365 shares, compared to its average volume of 1,876. The stock has a market cap of $13.59 million, a price-to-earnings ratio of -3.82 and a beta of 0.16. Chicago Rivet & Machine has a 12-month low of $13.40 and a 12-month high of $22.27.

Chicago Rivet & Machine Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, March 5th. Chicago Rivet & Machine’s payout ratio is -3.27%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Chicago Rivet & Machine in a research report on Monday, January 13th. They set a “sell” rating on the stock.

About Chicago Rivet & Machine

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.