Short Interest in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Drops By 41.8%

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,934 shares, a drop of 41.8% from the June 15th total of 6,765 shares. Based on an average trading volume of 1,925 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.4% of the shares of the stock are short sold.

Chicago Rivet & Machine Trading Up 2.9%

NYSEAMERICAN:CVR traded up $0.28 during midday trading on Friday, hitting $10.10. 3,624 shares of the stock were exchanged, compared to its average volume of 3,919. The company has a market capitalization of $9.80 million, a price-to-earnings ratio of -4.81 and a beta of 0.28. Chicago Rivet & Machine has a one year low of $8.50 and a one year high of $15.00. The business has a 50-day moving average price of $10.14 and a two-hundred day moving average price of $11.90.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter. The firm had revenue of $6.85 million for the quarter. Chicago Rivet & Machine had a negative net margin of 7.15% and a negative return on equity of 10.54%.

Chicago Rivet & Machine Company Profile

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.