Servotronics, Inc. (NYSEAMERICAN:SVT) Short Interest Down 13.3% in July

Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 1,300 shares, a decline of 13.3% from the June 30th total of 1,500 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 0.5 days.

Shares of NYSEAMERICAN SVT opened at $9.95 on Friday. Servotronics has a 52-week low of $9.50 and a 52-week high of $13.70.

Servotronics (NYSEAMERICAN:SVT) last issued its earnings results on Tuesday, May 14th. The conglomerate reported $0.04 EPS for the quarter. The business had revenue of $12.00 million during the quarter.

Separately, TheStreet cut Servotronics from a “b” rating to a “c+” rating in a report on Monday, May 20th.

About Servotronics

Servotronics, Inc designs, manufactures, and markets control components and consumer products in the United States and internationally. The company operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides servo-control components to the commercial aerospace, aircraft, and government related industries; and medical and industrial markets.

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