Short Interest in Servotronics, Inc. (NYSEAMERICAN:SVT) Declines By 35.3%

Servotronics, Inc. (NYSEAMERICAN:SVTGet Free Report) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a decline of 35.3% from the February 28th total of 3,400 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the company’s shares are sold short.

Servotronics Stock Performance

Shares of Servotronics stock traded up $0.15 on Monday, hitting $10.60. The stock had a trading volume of 501 shares, compared to its average volume of 3,107. Servotronics has a one year low of $10.16 and a one year high of $13.75. The firm has a 50-day moving average of $10.75. The firm has a market cap of $27.03 million, a PE ratio of 212.04 and a beta of 0.51.

Servotronics (NYSEAMERICAN:SVTGet Free Report) last announced its quarterly earnings results on Monday, March 17th. The conglomerate reported ($0.64) earnings per share (EPS) for the quarter. Servotronics had a return on equity of 2.85% and a net margin of 0.30%. During the same quarter in the prior year, the business posted ($4.37) earnings per share.

Hedge Funds Weigh In On Servotronics

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

Servotronics Company Profile

(Get Free Report)

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.

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