Short Interest Change: Does Servotronics Incorporated (NYSEMKT:SVT) Have Gas After Even More Sellers Involved?

November 17, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Change: Does Servotronics Incorporated (NYSEMKT:SVT) Have Gas After Even More Sellers Involved?

The stock of Servotronics Incorporated (NYSEMKT:SVT) registered an increase of 238.1% in short interest. SVT’s total short interest was 7,100 shares in November as published by FINRA. Its up 238.1% from 2,100 shares, reported previously. With 11,100 shares average volume, it will take short sellers 1 days to cover their SVT’s short positions. The short interest to Servotronics Incorporated’s float is 0.95%. The stock increased 4.06% or $0.37 on November 16, hitting $9.49. Servotronics, Inc. (NYSEMKT:SVT) has risen 15.39% since April 15, 2016 and is uptrending. It has outperformed by 10.77% the S&P500.

Servotronics, Inc. designs, manufactures and markets advanced technology products consisting primarily of control components and consumer products consisting of knives and various types of cutlery and other edged products. The company has a market cap of $23.75 million. The Company’s divisions include Advanced Technology Group and Consumer Products Group (CPG). It has a 10.43 P/E ratio. ATG’s activities involve the design, manufacture and marketing of servo-control components, which include torque motors, control valves and actuators, among others for government, commercial and industrial applications.

Insitutional Activity: The institutional sentiment decreased to 0.25 in 2016 Q2. Its down 1.75, from 2 in 2016Q1. The ratio dropped, as 1 funds sold all Servotronics, Inc. shares owned while 3 reduced positions. 0 funds bought stakes while 1 increased positions. They now own 329,195 shares or 1.10% less from 332,870 shares in 2016Q1.
Dimensional Fund Advsrs L P owns 83,746 shares or 0% of their US portfolio. The California-based Blackrock Fund has invested 0% in Servotronics, Inc. (NYSEMKT:SVT). California Public Employees Retirement Sys last reported 0% of its portfolio in the stock. Grt Ltd Limited Liability Company accumulated 0.08% or 31,219 shares. Thompson Davis Communication reported 3 shares or 0% of all its holdings. James Invest has invested 0% of its portfolio in Servotronics, Inc. (NYSEMKT:SVT). Fincl Bank Of America De has invested 0% of its portfolio in Servotronics, Inc. (NYSEMKT:SVT). Fmr Ltd Liability has 163,256 shares for 0% of their US portfolio. Tower Limited Co (Trc) has 0% invested in the company for 538 shares. Vanguard accumulated 24,816 shares or 0% of the stock. Morgan Stanley has invested 0% of its portfolio in Servotronics, Inc. (NYSEMKT:SVT).

SVT Company Profile

Servotronics, Inc., incorporated on October 8, 1972, designs, makes and markets advanced technology products consisting primarily of control components and consumer products consisting of knives and various types of cutlery and other edged products. The Firm operates in two divisions, which include Advanced Technology Group (ATG) and Consumer Products Group (CPG). ATG’s activities primarily involve the design, manufacture and marketing of servo-control components, which include torque motors, control valves and actuators, among others for government, commercial and industrial applications. CPG’s activities involve the design, manufacture and marketing of a range of cutlery products for use by clients and government agencies.

More notable recent Servotronics, Inc. (NYSEMKT:SVT) news were published by: Prnewswire.com which released: “Servotronics, Inc. Announces Third Quarter and Nine Month Results for the …” on November 11, 2016, also Prnewswire.com with their article: “Servotronics, Inc. Announces Management Changes And Strategic Reorganization” published on September 22, 2016, Prnewswire.com published: “Servotronics, Inc. Announces Second Quarter And Six Month Results For The …” on August 12, 2016. More interesting news about Servotronics, Inc. (NYSEMKT:SVT) were released by: Prnewswire.com and their article: “Servotronics, Inc. Appoints Experienced Financial Executive To The Board Of …” published on July 19, 2016 as well as Prnewswire.com‘s news article titled: “Servotronics, Inc. Receives Non-Compliance Notice From NYSE MKT” with publication date: October 27, 2016.

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By Nellie Frank


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