CVD Equipment Co. (NASDAQ:CVV) Short Interest Up 6.2% in October

CVD Equipment Co. (NASDAQ:CVV) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 23,900 shares, an increase of 6.2% from the September 30th total of 22,500 shares. Based on an average trading volume of 17,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

CVD Equipment Trading Up 2.7 %

Shares of CVV traded up $0.08 on Friday, hitting $3.00. 12,976 shares of the stock traded hands, compared to its average volume of 15,901. CVD Equipment has a 1 year low of $2.90 and a 1 year high of $6.35. The stock’s 50 day moving average is $3.35 and its two-hundred day moving average is $3.88. The firm has a market capitalization of $20.64 million, a P/E ratio of -3.83 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings results on Tuesday, August 13th. The industrial products company reported ($0.11) earnings per share for the quarter. CVD Equipment had a negative return on equity of 20.25% and a negative net margin of 24.34%. The business had revenue of $6.35 million for the quarter.

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.