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

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,700 shares, a decrease of 15.0% from the January 15th total of 2,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 800 shares, the short-interest ratio is currently 2.1 days.

Shares of NYSEAMERICAN:CVR opened at $25.00 on Friday. Chicago Rivet & Machine has a 52 week low of $24.75 and a 52 week high of $30.02.

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Ancora Advisors LLC bought a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,100 shares of the company’s stock, valued at approximately $80,000. Ancora Advisors LLC owned approximately 0.32% of Chicago Rivet & Machine as of its most recent filing with the Securities and Exchange Commission (SEC).

About Chicago Rivet & Machine

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment manufactures and sells automatic rivet setting machines and assembly equipment, as well as related parts and tools.

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