CVD Equipment Corporation (NASDAQ:CVV) Sees Significant Growth in Short Interest

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 25,201 shares, a growth of 42.0% from the February 26th total of 17,744 shares. Based on an average trading volume of 61,925 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s shares are short sold.

Analyst Ratings Changes

CVV has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of CVD Equipment in a research note on Wednesday, January 21st. Wall Street Zen raised CVD Equipment to a “hold” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of CVD Equipment

Several institutional investors have recently added to or reduced their stakes in CVV. DRW Securities LLC purchased a new stake in CVD Equipment in the fourth quarter valued at approximately $45,000. Citadel Advisors LLC lifted its stake in CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 20,011 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CVD Equipment by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after buying an additional 3,556 shares during the period. Institutional investors and hedge funds own 31.59% of the company’s stock.

CVD Equipment Price Performance

Shares of CVV opened at $4.98 on Friday. The firm has a 50-day simple moving average of $4.28 and a two-hundred day simple moving average of $3.76. The stock has a market cap of $34.56 million, a PE ratio of -248.88 and a beta of 1.01. CVD Equipment has a 1-year low of $2.46 and a 1-year high of $6.25.

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.