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

CVD Equipment Corporation (NASDAQ:CVV) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 17,744 shares, a drop of 39.6% from the February 12th total of 29,381 shares. Based on an average trading volume of 37,125 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 37,125 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of CVD Equipment

Several institutional investors have recently modified their holdings of the stock. DRW Securities LLC acquired a new position in shares of CVD Equipment in the 4th quarter valued at $45,000. Citadel Advisors LLC lifted its holdings in shares of CVD Equipment by 93.6% in the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 20,011 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 3,556 shares during the period. Hedge funds and other institutional investors own 31.59% of the company’s stock.

CVD Equipment Trading Down 5.2%

NASDAQ:CVV traded down $0.22 during trading hours on Friday, hitting $3.98. The company’s stock had a trading volume of 26,007 shares, compared to its average volume of 76,569. CVD Equipment has a 52-week low of $2.46 and a 52-week high of $5.86. The stock has a market capitalization of $27.62 million, a P/E ratio of -198.90 and a beta of 1.01. The stock has a fifty day moving average of $4.22 and a 200-day moving average of $3.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CVD Equipment currently has an average rating of “Sell”.

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.