Short Interest in CVD Equipment Corporation (NASDAQ:CVV) Expands By 42.0%

CVD Equipment Corporation (NASDAQ:CVV) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 25,201 shares, an increase of 42.0% from the February 26th total of 17,744 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 61,925 shares, the days-to-cover ratio is presently 0.4 days.

CVD Equipment Trading Down 8.4%

NASDAQ:CVV traded down $0.42 during trading hours on Monday, hitting $4.56. The company’s stock had a trading volume of 117,530 shares, compared to its average volume of 258,344. CVD Equipment has a 52-week low of $2.46 and a 52-week high of $6.25. The stock has a market capitalization of $31.67 million, a P/E ratio of -228.64 and a beta of 1.01. The stock has a fifty day moving average of $4.28 and a 200-day moving average of $3.77.

Analyst Upgrades and Downgrades

CVV has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of CVD Equipment in a report on Wednesday, January 21st. Wall Street Zen raised CVD Equipment to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On CVD Equipment

Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its holdings 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 valued at $139,000 after buying an additional 20,011 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of CVD Equipment in the 4th quarter valued at about $45,000. Finally, Dimensional Fund Advisors LP grew its stake in 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 worth $241,000 after buying an additional 3,556 shares during the last quarter. 31.59% of the stock is currently owned by hedge funds and other institutional investors.

CVD Equipment Company Profile

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.