Servotronics, Inc. (NYSEAMERICAN:SVT) Sees Significant Drop in Short Interest

Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 54.1% from the January 31st total of 3,700 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC increased its holdings in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the 4th quarter, according to 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 acquiring 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 currently owned by institutional investors.

Servotronics Price Performance

SVT stock traded up $0.46 during trading on Friday, reaching $10.86. The company had a trading volume of 2,877 shares, compared to its average volume of 1,703. Servotronics has a 52 week low of $10.16 and a 52 week high of $13.85. The company has a market cap of $27.69 million, a P/E ratio of 217.24 and a beta of 0.51.

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.