CVD Equipment Co. (NASDAQ:CVV) Short Interest Update

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 12,600 shares, a drop of 14.9% from the February 13th total of 14,800 shares. Based on an average daily trading volume, of 34,100 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On CVD Equipment

Several hedge funds have recently added to or reduced their stakes in CVV. Northern Trust Corp boosted 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 boosted its position in CVD Equipment by 24.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after buying an additional 13,914 shares during the period. Renaissance Technologies LLC boosted its position in CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock worth $613,000 after buying an additional 15,700 shares during the period. Finally, AMH Equity Ltd boosted its position in CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock worth $2,926,000 after buying an additional 18,157 shares during the period. 31.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of CVD Equipment in a report on Thursday, March 13th. They issued a “hold” rating on the stock.

CVD Equipment Stock Performance

Shares of CVD Equipment stock remained flat at $3.19 during midday trading on Wednesday. 9,062 shares of the company traded hands, compared to its average volume of 23,809. The stock has a market capitalization of $21.95 million, a PE ratio of -5.06 and a beta of 1.33. 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 $3.43 and a two-hundred day simple moving average of $3.41. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35.

About CVD Equipment

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.