CVD Equipment Corporation (NASDAQ:CVV) Short Interest Update

CVD Equipment Corporation (NASDAQ:CVV) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 124,555 shares, a growth of 299.3% from the April 30th total of 31,191 shares. Based on an average daily trading volume, of 268,045 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.5% of the shares of the stock are short sold.

Institutional Trading of CVD Equipment

Large investors have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new position in CVD Equipment in the 4th quarter worth about $45,000. Citadel Advisors LLC increased its position in shares of CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after buying an additional 20,011 shares during the period. Dimensional Fund Advisors LP grew its stake in CVD Equipment by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 3,556 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings 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 worth $749,000 after acquiring an additional 27,000 shares in the last quarter. 31.59% of the stock is currently owned by institutional investors.

CVD Equipment Stock Performance

Shares of NASDAQ CVV traded down $0.24 during midday trading on Friday, reaching $5.67. 29,057 shares of the company’s stock were exchanged, compared to its average volume of 228,770. The business’s fifty day moving average price is $5.38 and its two-hundred day moving average price is $4.35. CVD Equipment has a 52-week low of $2.75 and a 52-week high of $8.45. The stock has a market capitalization of $39.33 million, a PE ratio of -11.17 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered CVD Equipment from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About CVD Equipment

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.