Servotronics, Inc. (NYSEAMERICAN:SVT) Sees Large Growth in Short Interest

Servotronics, Inc. (NYSEAMERICAN:SVTGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 4,100 shares, a growth of 105.0% from the March 15th total of 2,000 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is presently 0.7 days.

Shares of NYSEAMERICAN:SVT traded down $0.40 during trading on Friday, hitting $11.61. 7,761 shares of the company were exchanged, compared to its average volume of 6,962. The company has a market capitalization of $28.91 million, a PE ratio of 6.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.28 and a current ratio of 9.02. Servotronics has a 1-year low of $7.33 and a 1-year high of $14.90.

Servotronics Company Profile (Get Rating)

Servotronics, Inc designs, manufactures, and markets control components and consumer products in the United States and internationally. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides servo-control components to the commercial aerospace, aircraft, and government related industries; and medical and industrial markets.

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