CVD Equipment Corporation (NASDAQ:CVV) Sees Significant Decrease in Short Interest

CVD Equipment Corporation (NASDAQ:CVV) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 29,381 shares, a decrease of 14.7% from the January 29th total of 34,437 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 69,325 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 69,325 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On CVD Equipment

A number of large investors have recently bought and sold shares of CVV. DRW Securities LLC acquired a new position in CVD Equipment in the 4th quarter worth approximately $45,000. Citadel Advisors LLC increased its stake in shares of CVD Equipment by 93.6% in 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 period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 3,556 shares during the last quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CVD Equipment in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

CVD Equipment Price Performance

Shares of CVV opened at $3.81 on Friday. The company’s fifty day moving average price is $4.11 and its 200-day moving average price is $3.60. CVD Equipment has a 1-year low of $2.46 and a 1-year high of $5.86. The firm has a market capitalization of $26.44 million, a PE ratio of -190.40 and a beta of 1.01.

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.