CVD Equipment Co. (NASDAQ:CVV) Short Interest Update

CVD Equipment Co. (NASDAQ:CVV) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 12,600 shares, a drop of 14.9% from the February 13th total of 14,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of CVD Equipment

A number of large investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in CVD Equipment by 63.7% in the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 12,657 shares during the last quarter. Quinn Opportunity Partners LLC lifted its stake in CVD Equipment by 24.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 13,914 shares during the last quarter. Renaissance Technologies LLC lifted its stake in CVD Equipment by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 15,700 shares during the last quarter. Finally, AMH Equity Ltd lifted its stake in CVD Equipment by 2.8% in 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 during the last quarter. Institutional investors and hedge funds own 31.59% of the company’s stock.

CVD Equipment Price Performance

CVV stock remained flat at $3.19 during trading hours on Wednesday. 9,062 shares of the company’s stock were exchanged, compared to its average volume of 23,809. The company has a market capitalization of $21.95 million, a PE ratio of -5.06 and a beta of 1.33. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $3.43 and its 200-day moving average is $3.41. CVD Equipment has a 12-month low of $2.70 and a 12-month high of $6.35.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of CVD Equipment in a research report on Thursday, March 13th. They issued a “hold” rating for the company.

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.