Short Interest in Servotronics, Inc. (NYSEAMERICAN:SVT) Increases By 146.7%

Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 3,700 shares, an increase of 146.7% from the August 31st total of 1,500 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are short sold.

Insider Buying and Selling

In other news, insider James C. Takacs sold 3,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $12.55, for a total transaction of $43,925.00. Following the transaction, the insider now directly owns 13,113 shares in the company, valued at approximately $164,568.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 33.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Servotronics stock. Oppenheimer & Close LLC raised its stake in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,727 shares of the conglomerate’s stock after purchasing an additional 12,633 shares during the period. Servotronics accounts for 1.3% of Oppenheimer & Close LLC’s portfolio, making the stock its 27th largest holding. Oppenheimer & Close LLC owned 4.73% of Servotronics worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission. 24.77% of the stock is currently owned by institutional investors and hedge funds.

Servotronics Stock Performance

NYSEAMERICAN:SVT traded up $0.05 during mid-day trading on Friday, reaching $12.23. The stock had a trading volume of 1,628 shares, compared to its average volume of 4,304. The company has a market capitalization of $31.31 million, a P/E ratio of -3.12 and a beta of 0.57. Servotronics has a fifty-two week low of $8.80 and a fifty-two week high of $14.10.

Servotronics (NYSEAMERICAN:SVT) last released its quarterly earnings data on Thursday, August 8th. The conglomerate reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $12.27 million during the quarter. Servotronics had a net margin of 0.93% and a return on equity of 3.13%.

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.