CVD Equipment Corporation (NASDAQ:CVV) Short Interest Up 299.3% in May

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 124,555 shares, an increase of 299.3% from the April 30th total of 31,191 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 268,045 shares, the days-to-cover ratio is currently 0.5 days.

CVD Equipment Stock Up 0.8%

Shares of NASDAQ:CVV traded up $0.05 during midday trading on Friday, hitting $5.96. The company had a trading volume of 77,348 shares, compared to its average volume of 222,987. CVD Equipment has a 12 month low of $2.75 and a 12 month high of $8.45. The firm has a fifty day simple moving average of $5.43 and a 200 day simple moving average of $4.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 3,556 shares in the last quarter. Citadel Advisors LLC lifted its holdings 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 acquiring an additional 20,011 shares in the last quarter. DRW Securities LLC bought a new position in CVD Equipment during the fourth quarter worth about $45,000. Finally, Renaissance Technologies LLC lifted its holdings in 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 acquiring an additional 27,000 shares in the last quarter. 31.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CVD Equipment currently has a consensus rating of “Sell”.

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.