Short Interest in CVD Equipment Co. (NASDAQ:CVV) Drops By 42.6%

CVD Equipment Co. (NASDAQ:CVV – Get Rating) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 24,100 shares, a decline of 42.6% from the April 15th total of 42,000 shares. Based on an average daily volume of 36,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

Separately, StockNews.com started coverage on CVD Equipment in a research note on Friday. They set a “sell” rating on the stock.

Shares of NASDAQ:CVV traded up $0.12 during trading on Friday, hitting $4.22. 14,956 shares of the stock were exchanged, compared to its average volume of 19,955. The company has a fifty day moving average price of $4.49 and a two-hundred day moving average price of $4.55. The company has a market cap of $28.36 million, a PE ratio of 6.03 and a beta of 1.35. CVD Equipment has a 12-month low of $3.84 and a 12-month high of $6.37.

Several large investors have recently made changes to their positions in CVV. Citadel Advisors LLC lifted its stake 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 buying an additional 2,474 shares in the last quarter. Shufro Rose & Co. LLC purchased a new stake in CVD Equipment in the 1st quarter valued at approximately $61,000. Two Sigma Advisers LP purchased a new stake in CVD Equipment in the 3rd quarter valued at approximately $208,000. Finally, AMH Equity Ltd purchased a new stake in CVD Equipment in the 4th quarter valued at approximately $2,726,000. 38.31% of the stock is currently owned by institutional investors and hedge funds.

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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