Short Interest in CVD Equipment Co. (NASDAQ:CVV) Drops By 34.5%

CVD Equipment Co. (NASDAQ:CVV) was the target 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. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 34,700 shares, the days-to-cover ratio is currently 0.4 days.

CVD Equipment Stock Down 1.3 %

CVV stock opened at $3.01 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. The stock has a market capitalization of $20.71 million, a price-to-earnings ratio of -4.78 and a beta of 1.35. The business’s fifty day moving average price is $3.72 and its two-hundred day moving average price is $3.48. CVD Equipment has a fifty-two week low of $2.70 and a fifty-two week high of $6.35.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its position 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 worth $143,000 after buying an additional 12,657 shares during the period. Quinn Opportunity Partners LLC increased its position 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 worth $316,000 after purchasing an additional 13,914 shares during the period. Renaissance Technologies LLC increased its position in shares of CVD Equipment by 12.7% in the fourth 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 during the period. Finally, AMH Equity Ltd increased its position in shares of CVD Equipment by 2.8% in the fourth 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. Institutional investors own 31.59% of the company’s stock.

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.