No.
For 1929, the J. Stevens Arms Co. introduced a cheaper version of their Springfield Arms Co. (earlier Riverside Arms Co.) No. 315, and called it the Springfield No. 311 --

This gun and its fancier versions the Springfield No. 315 and the Stevens No. 330 used the G.S. Lewis Patent No. 1,136,247 style action using coil spring driven strikers rather than internal hammers rotating about an axle. J. Stevens Arms Co. made many thousands of these G.S. Lewis action guns under their own names and many, many "trade brands." Your gun was made 1938 or earlier. By 1939 the barrel markings included the chamber length --

The post WW-II Stevens Model 311 is a totally different gun.