CVD Equipment Corporation (NASDAQ:CVV) Short Interest Update

CVD Equipment Corporation (NASDAQ:CVV) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 18,966 shares, a growth of 95.5% from the December 31st total of 9,703 shares. Based on an average daily trading volume, of 77,656 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 77,656 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On CVD Equipment

An institutional investor recently raised its position in CVD Equipment stock. Citadel Advisors LLC boosted its position in CVD Equipment Corporation (NASDAQ:CVV) by 93.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,382 shares of the industrial products company’s stock after purchasing an additional 20,011 shares during the period. Citadel Advisors LLC owned about 0.60% of CVD Equipment worth $139,000 as of its most recent SEC filing. 31.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CVD Equipment in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CVD Equipment Stock Performance

NASDAQ CVV traded down $0.43 on Friday, reaching $4.82. The stock had a trading volume of 34,706 shares, compared to its average volume of 102,971. The stock has a market cap of $33.48 million, a P/E ratio of -241.08 and a beta of 0.89. CVD Equipment has a 12-month low of $2.46 and a 12-month high of $5.86. The business’s 50-day moving average price is $3.71 and its 200 day moving average price is $3.52.

CVD Equipment (NASDAQ:CVV) last announced its earnings results on Monday, November 10th. The industrial products company reported $0.06 EPS for the quarter. CVD Equipment had a negative net margin of 0.66% and a negative return on equity of 0.72%. The business had revenue of $7.41 million during the quarter.

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.