Short Interest in CVD Equipment Co. (NASDAQ:CVV) Increases By 117.3%

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 22,600 shares, an increase of 117.3% from the January 15th total of 10,400 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 40,600 shares, the short-interest ratio is presently 0.6 days.

CVD Equipment Stock Performance

CVV traded down $0.09 on Thursday, reaching $3.58. The company had a trading volume of 27,193 shares, compared to its average volume of 32,220. The stock has a 50-day moving average price of $3.81 and a 200-day moving average price of $3.51. The stock has a market capitalization of $24.63 million, a PE ratio of -5.68 and a beta of 1.35. CVD Equipment has a 1 year low of $2.70 and a 1 year high of $6.35. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01.

Institutional Trading of CVD Equipment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC boosted its stake in shares of CVD Equipment by 24.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after buying an additional 13,914 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 15,700 shares in the last quarter. Finally, AMH Equity Ltd grew its stake in shares of CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock worth $2,926,000 after purchasing an additional 18,157 shares during the period. 31.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of CVD Equipment in a research note on Sunday. They set a “hold” rating on the stock.

About CVD Equipment

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.