Servotronics, Inc. (NYSEAMERICAN:SVT) Short Interest Up 100.0% in February

Servotronics, Inc. (NYSEAMERICAN:SVT) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,400 shares, a growth of 100.0% from the February 13th total of 1,700 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On Servotronics

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC increased its holdings in Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the conglomerate’s stock after purchasing an additional 6,656 shares during the period. Courier Capital LLC owned approximately 0.98% of Servotronics worth $265,000 at the end of the most recent reporting period. 24.77% of the stock is owned by institutional investors and hedge funds.

Servotronics Trading Down 2.6 %

NYSEAMERICAN:SVT traded down $0.28 during trading hours on Friday, reaching $10.60. The company’s stock had a trading volume of 854 shares, compared to its average volume of 3,533. The company has a market cap of $27.03 million, a P/E ratio of 212.04 and a beta of 0.51. Servotronics has a one year low of $10.16 and a one year high of $13.75. The business has a 50-day moving average of $10.78.

Servotronics Company Profile

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.