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

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 88,990 shares, a decrease of 39.1% from the September 30th total of 146,111 shares. Based on an average daily volume of 55,796 shares, the short-interest ratio is currently 1.6 days. Currently, 1.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in CVD Equipment in the second quarter valued at about $130,000. Renaissance Technologies LLC grew its position in CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 27,000 shares in the last quarter. Algert Global LLC bought a new stake in CVD Equipment during the second quarter worth approximately $224,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of CVD Equipment during the second quarter valued at approximately $305,000. Hedge funds and other institutional investors own 31.59% of the company’s stock.

CVD Equipment Price Performance

Shares of CVV opened at $3.91 on Friday. The firm has a market capitalization of $27.17 million, a PE ratio of 2.70 and a beta of 1.28. CVD Equipment has a fifty-two week low of $2.96 and a fifty-two week high of $9.10. The company’s 50-day moving average is $4.95 and its 200-day moving average is $5.54.

CVD Equipment (NASDAQ:CVV) last released its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $1.81 earnings per share for the quarter. The company had revenue of $1.95 million during the quarter. CVD Equipment had a net margin of 62.01% and a negative return on equity of 13.91%.

Analysts Set New Price Targets

Several analysts have weighed in on CVV shares. Weiss Ratings raised CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Wall Street Zen upgraded CVD Equipment from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About CVD Equipment

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, manufactures and services equipment used to produce advanced electronic materials and components. Its systems support applications in semiconductors, solar energy, nanotechnology, battery materials and other emerging technologies that require controlled deposition, thermal processing or materials development.

The company’s product portfolio includes chemical vapor deposition (CVD) systems, physical vapor deposition equipment, thermal-processing systems, gas and chemical delivery systems, and related laboratory and production equipment.