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

CVD Equipment Co. (NASDAQ:CVV) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 29,700 shares, an increase of 5.7% from the December 15th total of 28,100 shares. Based on an average daily volume of 38,000 shares, the short-interest ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are sold short.

CVD Equipment Stock Performance

NASDAQ:CVV traded up $0.05 during mid-day trading on Friday, reaching $3.78. The stock had a trading volume of 14,895 shares, compared to its average volume of 44,059. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. The business has a 50 day simple moving average of $3.63 and a 200 day simple moving average of $3.55. CVD Equipment has a twelve month low of $2.70 and a twelve month high of $6.35. The firm has a market capitalization of $26.01 million, a price-to-earnings ratio of -6.00 and a beta of 1.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of CVD Equipment in a research note on Thursday. They issued a “hold” rating for the company.

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.