Short Interest in CVD Equipment Co. (NASDAQ:CVV) Rises By 53.3%

CVD Equipment Co. (NASDAQ:CVV) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 20,700 shares, an increase of 53.3% from the October 31st total of 13,500 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 24,900 shares, the days-to-cover ratio is currently 0.8 days.

CVD Equipment Trading Up 5.3 %

CVD Equipment stock traded up $0.16 during midday trading on Friday, hitting $3.19. 15,876 shares of the stock were exchanged, compared to its average volume of 38,205. CVD Equipment has a 52 week low of $2.70 and a 52 week high of $6.35. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $21.95 million, a PE ratio of -5.06 and a beta of 1.39. The company has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.64.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on CVD Equipment in a report on Friday. They set a “hold” rating on the stock.

CVD Equipment Company Profile

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.