CVD Equipment Co. (NASDAQ:CVV) Short Interest Down 43.5% in October

CVD Equipment Co. (NASDAQ:CVV) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 13,500 shares, a drop of 43.5% from the October 15th total of 23,900 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 19,100 shares, the short-interest ratio is presently 0.7 days.

CVD Equipment Price Performance

CVD Equipment stock traded down $0.11 during mid-day trading on Wednesday, reaching $2.77. 138,421 shares of the company were exchanged, compared to its average volume of 16,199. The company has a quick ratio of 1.88, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. CVD Equipment has a 12-month low of $2.75 and a 12-month high of $6.35. The business has a fifty day moving average of $3.21 and a 200 day moving average of $3.77.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings data on Tuesday, August 13th. The industrial products company reported ($0.11) EPS for the quarter. CVD Equipment had a negative return on equity of 20.25% and a negative net margin of 24.34%. The firm had revenue of $6.35 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of CVD Equipment in a research note on Wednesday. They issued a “hold” rating on the stock.

About CVD Equipment

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.