Short Interest in CVD Equipment Co. (NASDAQ:CVV) Expands By 12.7%

CVD Equipment Co. (NASDAQ:CVVGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,500 shares, a growth of 12.7% from the February 29th total of 30,600 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 11,400 shares, the short-interest ratio is currently 3.0 days.

CVD Equipment Price Performance

Shares of CVV traded up $0.92 during trading hours on Tuesday, reaching $5.84. The stock had a trading volume of 153,245 shares, compared to its average volume of 16,421. CVD Equipment has a 12 month low of $3.93 and a 12 month high of $13.47. The stock has a market capitalization of $39.83 million, a PE ratio of -9.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.36 and a current ratio of 2.85. The company’s 50-day moving average is $4.81 and its two-hundred day moving average is $5.30.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on CVD Equipment in a research note on Tuesday, March 26th. They set a “hold” rating for the company.

Get Our Latest Analysis on CVV

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. UBS Group AG raised its position in CVD Equipment by 49.0% during the 1st quarter. UBS Group AG now owns 2,778 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 914 shares during the last quarter. BlackRock Inc. raised its position in CVD Equipment by 13.5% during the 2nd quarter. BlackRock Inc. now owns 17,075 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 2,034 shares during the last quarter. State Street Corp raised its position in CVD Equipment by 33.9% during the 3rd quarter. State Street Corp now owns 18,546 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 4,700 shares during the last quarter. Citadel Advisors LLC bought a new position in CVD Equipment during the 2nd quarter worth $147,000. Finally, Northern Trust Corp bought a new position in CVD Equipment during the 4th quarter worth $100,000. 31.59% of the stock is owned by institutional investors.

About CVD Equipment

(Get Free Report)

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The company offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications; and ultra-high purity gas and chemical delivery control systems, including gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, aerospace, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications.

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