Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Short Interest Update

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 6,100 shares, a decline of 15.3% from the February 13th total of 7,200 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 3.2 days.

Chicago Rivet & Machine Trading Down 1.8 %

NYSEAMERICAN:CVR opened at $14.15 on Tuesday. The stock has a market cap of $13.73 million, a P/E ratio of -3.86 and a beta of 0.16. Chicago Rivet & Machine has a 52-week low of $13.40 and a 52-week high of $22.27.

Chicago Rivet & Machine Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. Chicago Rivet & Machine’s dividend payout ratio is currently -3.27%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Chicago Rivet & Machine in a research note 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.