Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Short Interest Up 3,338.6% in April

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 5,261 shares, a growth of 3,338.6% from the April 15th total of 153 shares. Based on an average trading volume of 3,248 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the company’s stock are sold short.

Chicago Rivet & Machine Stock Performance

NYSEAMERICAN:CVR traded down $1.40 during midday trading on Monday, reaching $10.00. 34,102 shares of the stock traded hands, compared to its average volume of 4,099. Chicago Rivet & Machine has a 12-month low of $8.50 and a 12-month high of $15.00. The business has a 50-day moving average of $12.05 and a two-hundred day moving average of $12.02. The stock has a market capitalization of $9.70 million, a PE ratio of -4.76 and a beta of 0.35.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Tuesday, March 24th. The company reported ($1.20) EPS for the quarter. Chicago Rivet & Machine had a negative net margin of 7.15% and a negative return on equity of 10.38%. The firm had revenue of $5.99 million for the quarter.

Chicago Rivet & Machine Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. Chicago Rivet & Machine’s dividend payout ratio 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.