Short Interest in Servotronics, Inc. (NYSEAMERICAN:SVT) Drops By 35.3%

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

Servotronics Stock Down 1.1 %

Shares of SVT stock traded down $0.12 during trading hours on Friday, hitting $10.45. 579 shares of the company’s stock were exchanged, compared to its average volume of 3,120. The stock has a market capitalization of $26.65 million, a P/E ratio of 209.04 and a beta of 0.51. Servotronics has a 12-month low of $10.16 and a 12-month high of $13.75. The stock has a 50 day simple moving average of $10.75.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC grew its holdings in Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,000 shares of the conglomerate’s stock after buying an additional 6,656 shares during the quarter. Courier Capital LLC owned approximately 0.98% of Servotronics worth $265,000 at the end of the most recent quarter. Institutional investors own 24.77% of the company’s stock.

Servotronics Company Profile

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.