Short Interest in CVD Equipment Corporation (NASDAQ:CVV) Drops By 14.7%

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 29,381 shares, a decrease of 14.7% from the January 29th total of 34,437 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 69,325 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 69,325 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are sold short.

CVD Equipment Trading Up 2.3%

Shares of CVV traded up $0.08 during mid-day trading on Wednesday, hitting $3.62. 9,345 shares of the company traded hands, compared to its average volume of 76,586. The stock has a market capitalization of $25.12 million, a price-to-earnings ratio of -180.91 and a beta of 1.01. The business has a 50-day moving average of $4.07 and a 200 day moving average of $3.60. CVD Equipment has a one year low of $2.46 and a one year high of $5.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CVD Equipment in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On CVD Equipment

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of CVD Equipment by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 3,556 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of CVD Equipment by 93.6% in the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 20,011 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of CVD Equipment during the fourth quarter worth $45,000. Institutional investors own 31.59% of the company’s stock.

About CVD Equipment

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.