CVD Equipment Co. (NASDAQ:CVV) Sees Large Increase in Short Interest

CVD Equipment Co. (NASDAQ:CVV) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 23,900 shares, a growth of 6.2% from the September 30th total of 22,500 shares. Based on an average trading volume of 17,100 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of CVD Equipment in a research report on Monday. They set a “hold” rating for the company.

CVD Equipment Price Performance

Shares of CVV stock traded up $0.03 during trading hours on Friday, hitting $2.95. 12,983 shares of the company’s stock were exchanged, compared to its average volume of 15,901. The firm has a 50 day moving average of $3.35 and a two-hundred day moving average of $3.88. CVD Equipment has a fifty-two week low of $2.90 and a fifty-two week high of $6.35. The firm has a market cap of $20.30 million, a P/E ratio of -3.83 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings data on Tuesday, August 13th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter. CVD Equipment had a negative return on equity of 20.25% and a negative net margin of 24.34%. The firm had revenue of $6.35 million during the quarter.

About CVD Equipment

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment 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.