CVD Equipment Co. (NASDAQ:CVV) Sees Significant Increase in Short Interest

CVD Equipment Co. (NASDAQ:CVVGet Rating) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 42,000 shares, a growth of 80.3% from the March 31st total of 23,300 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is currently 1.2 days.

Separately, assumed coverage on shares of CVD Equipment in a report on Wednesday. They issued a “sell” rating on the stock.

Several hedge funds have recently made changes to their positions in CVV. Citadel Advisors LLC increased its holdings in CVD Equipment by 20.8% in the 2nd quarter. Citadel Advisors LLC now owns 14,352 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 2,474 shares during the last quarter. Two Sigma Advisers LP bought a new stake in CVD Equipment in the 3rd quarter valued at $208,000. Finally, AMH Equity Ltd purchased a new position in shares of CVD Equipment in the 4th quarter worth $2,726,000. Hedge funds and other institutional investors own 28.64% of the company’s stock.

CVV opened at $4.49 on Friday. CVD Equipment has a 1-year low of $3.84 and a 1-year high of $6.37. The company has a market capitalization of $30.19 million, a PE ratio of 6.41 and a beta of 1.46. The firm’s 50 day simple moving average is $4.49 and its two-hundred day simple moving average is $4.57.

CVD Equipment Company Profile (Get Rating)

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells process equipment and solutions that are used to develop and manufacture materials and coatings for research and industrial applications in the United States. It operates through three segments: CVD, SDC, and CVD Materials.

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