Short Interest in CVD Equipment Corporation (NASDAQ:CVV) Declines By 28.9%

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 10,076 shares, a decline of 28.9% from the November 30th total of 14,172 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 17,016 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 17,016 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of CVD Equipment

A hedge fund recently raised its stake in CVD Equipment stock. Citadel Advisors LLC increased its holdings in CVD Equipment Corporation (NASDAQ:CVV) by 93.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,382 shares of the industrial products company’s stock after acquiring an additional 20,011 shares during the quarter. Citadel Advisors LLC owned about 0.60% of CVD Equipment worth $139,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 31.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CVD Equipment in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

CVD Equipment Price Performance

Shares of NASDAQ:CVV traded down $0.04 on Monday, hitting $2.99. The company’s stock had a trading volume of 4,584 shares, compared to its average volume of 29,794. The company has a market capitalization of $20.75 million, a PE ratio of -149.43 and a beta of 0.82. The company has a 50-day simple moving average of $3.47 and a 200 day simple moving average of $3.32. CVD Equipment has a 1 year low of $2.46 and a 1 year high of $4.80.

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

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.