Short Interest in CVD Equipment Corporation (NASDAQ:CVV) Expands By 73.1%

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 31,191 shares, a growth of 73.1% from the April 15th total of 18,022 shares. Based on an average daily trading volume, of 168,954 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the shares of the stock are sold short.

CVD Equipment Trading Up 17.7%

CVV traded up $0.92 during trading hours on Monday, hitting $6.12. The company’s stock had a trading volume of 349,908 shares, compared to its average volume of 235,706. The business’s 50-day moving average price is $5.02 and its 200-day moving average price is $4.21. CVD Equipment has a 12 month low of $2.46 and a 12 month high of $8.45. The stock has a market cap of $42.47 million, a price-to-earnings ratio of -12.00 and a beta of 1.35.

Analysts Set New Price Targets

CVV has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of CVD Equipment in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of CVD Equipment from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On CVD Equipment

Large investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new stake in CVD Equipment during the fourth quarter worth approximately $45,000. Citadel Advisors LLC increased 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 acquiring an additional 20,011 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 during the last quarter. Finally, Renaissance Technologies LLC increased its stake 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 during the last quarter. 31.59% of the stock is owned by institutional investors.

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.