CVD Equipment Corporation (NASDAQ:CVV) Short Interest Up 95.5% in January

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 18,966 shares, a growth of 95.5% from the December 31st total of 9,703 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 77,656 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 77,656 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On CVD Equipment

An institutional investor recently raised its position in CVD Equipment stock. Citadel Advisors LLC grew its holdings in shares of CVD Equipment Corporation (NASDAQ:CVV) by 93.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,382 shares of the industrial products company’s stock after buying an additional 20,011 shares during the period. Citadel Advisors LLC owned approximately 0.60% of CVD Equipment worth $139,000 as of its most recent filing with the SEC. 31.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CVD Equipment in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

CVD Equipment Stock Down 8.4%

Shares of NASDAQ CVV opened at $4.81 on Friday. The company has a market capitalization of $33.38 million, a PE ratio of -240.38 and a beta of 0.89. CVD Equipment has a twelve month low of $2.46 and a twelve month high of $5.86. The firm has a fifty day simple moving average of $3.74 and a 200 day simple moving average of $3.53.

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

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.