CVD Equipment Corporation (NASDAQ:CVV) Stock Short Interest Falls 39.1%

CVD Equipment Corporation (NASDAQ:CVV) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 88,990 shares, a decrease of 39.1% from the September 30th total of 146,111 shares. Based on an average daily trading volume, of 55,796 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.7% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on CVV. Wall Street Zen upgraded shares of CVD Equipment from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

Institutional Trading of CVD Equipment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVV. Algert Global LLC purchased a new stake in shares of CVD Equipment during the second quarter worth approximately $224,000. BlackRock Inc. purchased a new stake in CVD Equipment during the 2nd quarter worth about $130,000. Renaissance Technologies LLC increased its position in shares of CVD Equipment by 17.5% during the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 27,000 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in CVD Equipment during the 2nd quarter valued at approximately $305,000. 31.59% of the stock is owned by hedge funds and other institutional investors.

CVD Equipment Price Performance

Shares of NASDAQ CVV traded down $0.06 during trading on Monday, hitting $3.85. The stock had a trading volume of 32,834 shares, compared to its average volume of 162,910. The company has a market capitalization of $26.76 million, a PE ratio of 2.66 and a beta of 1.32. The firm has a fifty day moving average of $4.95 and a two-hundred day moving average of $5.54. CVD Equipment has a 12 month low of $2.96 and a 12 month high of $9.10.

CVD Equipment (NASDAQ:CVV) last posted its earnings results on Wednesday, August 12th. The industrial products company reported $1.81 EPS for the quarter. The business had revenue of $1.95 million during the quarter. CVD Equipment had a negative return on equity of 13.91% and a net margin of 62.01%.

CVD Equipment Company Profile

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, manufactures and services equipment used to produce advanced electronic materials and components. Its systems support applications in semiconductors, solar energy, nanotechnology, battery materials and other emerging technologies that require controlled deposition, thermal processing or materials development.

The company’s product portfolio includes chemical vapor deposition (CVD) systems, physical vapor deposition equipment, thermal-processing systems, gas and chemical delivery systems, and related laboratory and production equipment.