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

Servotronics, Inc. (NYSEAMERICAN:SVT) was the target of a significant 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. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.5% of the company’s shares are sold short.

Servotronics Price Performance

Servotronics stock traded down $0.28 during mid-day trading on Friday, hitting $10.60. The stock had a trading volume of 854 shares, compared to its average volume of 3,516. The firm has a market cap of $27.03 million, a PE ratio of 212.04 and a beta of 0.51. Servotronics has a 12 month low of $10.16 and a 12 month high of $13.75. The firm’s 50-day moving average is $10.79.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC increased its holdings in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the conglomerate’s stock after purchasing an additional 6,656 shares during the quarter. Courier Capital LLC owned 0.98% of Servotronics worth $265,000 as of its most recent filing with the SEC. Institutional investors own 24.77% of the company’s stock.

About Servotronics

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.