CVD Equipment Co. (NASDAQ:CVV) Short Interest Up 117.3% in January

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 22,600 shares, an increase of 117.3% from the January 15th total of 10,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 40,600 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on CVD Equipment in a report on Sunday, February 9th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On CVD Equipment

Hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 12,657 shares in the last quarter. Renaissance Technologies LLC increased its holdings in CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 15,700 shares in the last quarter. Quinn Opportunity Partners LLC increased its holdings in CVD Equipment by 24.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 13,914 shares in the last quarter. Finally, AMH Equity Ltd increased its holdings in CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares in the last quarter. 31.59% of the stock is owned by institutional investors and hedge funds.

CVD Equipment Trading Up 3.6 %

Shares of CVV opened at $3.71 on Friday. CVD Equipment has a 1 year low of $2.70 and a 1 year high of $6.35. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $3.82 and a 200-day simple moving average of $3.50. The stock has a market cap of $25.52 million, a PE ratio of -5.89 and a beta of 1.35.

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.