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

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 3,879 shares, a decline of 97.3% from the November 30th total of 143,158 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 5,044 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 5,044 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN:CVR traded down $0.21 during mid-day trading on Friday, reaching $13.74. The company had a trading volume of 5,109 shares, compared to its average volume of 3,840. Chicago Rivet & Machine has a one year low of $8.15 and a one year high of $16.64. The company has a current ratio of 5.97, a quick ratio of 3.17 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $10.41 and its 200-day moving average price is $11.05. The firm has a market cap of $13.33 million, a price-to-earnings ratio of -3.05 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its earnings results on Friday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $7.36 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 21.59% and a negative net margin of 16.69%.

Chicago Rivet & Machine Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.03 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co is a Chicago, Illinois–based manufacturer specializing in the design and production of rivets, fasteners and related metal components. The company’s product portfolio includes solid and blind rivets, threaded inserts, screws, bolts, nuts and washers, engineered to meet the requirements of high-precision industrial applications.

Serving a diverse customer base, Chicago Rivet & Machine brings expertise in material selection and heat-treatment processes to deliver fasteners that meet stringent specifications for strength, corrosion resistance and durability.