CVD Equipment Co. (NASDAQ:CVV) Sees Large Drop in Short Interest

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of CVD Equipment in a research report on Tuesday, February 25th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On CVD Equipment

Institutional investors have recently bought and sold shares of the stock. AMH Equity Ltd grew its stake in CVD Equipment by 2.8% during 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 in the last quarter. Northern Trust Corp grew its stake in shares of CVD Equipment by 63.7% in 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 in the last quarter. Renaissance Technologies LLC grew its stake in shares of CVD Equipment by 12.7% in 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 in the last quarter. Finally, Quinn Opportunity Partners LLC grew its stake in shares of CVD Equipment by 24.1% in 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 in the last quarter. 31.59% of the stock is owned by hedge funds and other institutional investors.

CVD Equipment Price Performance

CVV traded up $0.06 during trading on Tuesday, hitting $3.02. 12,128 shares of the company traded hands, compared to its average volume of 28,793. The company has a market cap of $20.79 million, a PE ratio of -4.80 and a beta of 1.35. The stock’s 50-day simple moving average is $3.71 and its two-hundred day simple moving average is $3.47. CVD Equipment has a 1 year low of $2.70 and a 1 year high of $6.35. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01.

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.