CVD Equipment Co. (NASDAQ:CVV) Sees Large Drop in Short Interest

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 14,800 shares, a drop of 34.5% from the January 31st total of 22,600 shares. Based on an average trading volume of 34,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of CVD Equipment in a report on Tuesday, February 25th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On CVD Equipment

Several institutional investors have recently made changes to their positions in the company. AMH Equity Ltd lifted its holdings in CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after buying an additional 18,157 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after buying an additional 15,700 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in CVD Equipment by 24.1% during the 4th 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. Finally, Northern Trust Corp lifted its holdings in CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after buying an additional 12,657 shares in the last quarter. Institutional investors own 31.59% of the company’s stock.

CVD Equipment Trading Up 2.1 %

Shares of CVD Equipment stock traded up $0.06 during trading on Tuesday, hitting $3.02. The stock had a trading volume of 12,128 shares, compared to its average volume of 28,793. The firm’s fifty day simple moving average is $3.71 and its 200-day simple moving average is $3.47. The stock has a market cap of $20.79 million, a PE ratio of -4.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35.

CVD Equipment Company Profile

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.