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

CVD Equipment Corporation (NASDAQ:CVV) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 31,191 shares, a growth of 73.1% from the April 15th total of 18,022 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 168,954 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Several analysts recently issued reports on CVV shares. Wall Street Zen lowered shares of CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CVD Equipment currently has a consensus rating of “Sell”.

CVD Equipment Price Performance

Shares of CVD Equipment stock opened at $5.97 on Tuesday. CVD Equipment has a fifty-two week low of $2.46 and a fifty-two week high of $8.45. The firm has a market capitalization of $41.43 million, a P/E ratio of -11.71 and a beta of 1.35. The company’s 50 day moving average price is $5.07 and its two-hundred day moving average price is $4.22.

Institutional Trading of CVD Equipment

A number of hedge funds have recently added to or reduced their stakes in CVV. DRW Securities LLC acquired a new stake in CVD Equipment in the fourth quarter valued at approximately $45,000. Citadel Advisors LLC boosted its position in CVD Equipment by 93.6% in the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after buying an additional 20,011 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in CVD Equipment by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after buying an additional 3,556 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in CVD Equipment by 17.5% in the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after buying an additional 27,000 shares in the last quarter. Institutional investors and hedge funds own 31.59% of the company’s stock.

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.