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

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the target of a significant decrease in short interest during the month of 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. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.2% of the company’s stock are short sold.

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Ancora Advisors LLC purchased a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,100 shares of the company’s stock, valued at approximately $80,000. Ancora Advisors LLC owned about 0.32% of Chicago Rivet & Machine at the end of the most recent reporting period.

Shares of CVR stock opened at $25.00 on Friday. Chicago Rivet & Machine has a one year low of $24.75 and a one year high of $30.02.

Chicago Rivet & Machine Company Profile

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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