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

CVD Equipment Co. (NASDAQ:CVV) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,800 shares, a decline of 34.5% from the January 31st total of 22,600 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 34,700 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On CVD Equipment

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of 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 purchasing an additional 12,657 shares in the last quarter. Quinn Opportunity Partners LLC grew its stake in CVD Equipment by 24.1% during the fourth 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 last quarter. Renaissance Technologies LLC increased its holdings in shares of CVD Equipment by 12.7% during the fourth 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 in the last quarter. Finally, AMH Equity Ltd raised its stake 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 valued at $2,926,000 after acquiring an additional 18,157 shares during the last quarter. Institutional investors and hedge funds own 31.59% of the company’s stock.

CVD Equipment Price Performance

CVV stock traded down $0.05 during trading on Monday, hitting $2.96. The company had a trading volume of 27,943 shares, compared to its average volume of 29,211. The company has a fifty day moving average price of $3.72 and a two-hundred day moving average price of $3.47. CVD Equipment has a fifty-two week low of $2.70 and a fifty-two week high of $6.35. The company has a market cap of $20.37 million, a P/E ratio of -4.70 and a beta of 1.35. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of CVD Equipment in a research note on Tuesday, February 25th. They set a “hold” rating for the company.

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.