CVD Equipment Co. (NASDAQ:CVV) Short Interest Update

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 29,800 shares, an increase of 96.1% from the April 30th total of 15,200 shares. Based on an average daily volume of 26,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of CVD Equipment in a research report on Friday, May 16th. They set a “hold” rating for the company.

Institutional Investors Weigh In On CVD Equipment

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

CVD Equipment Trading Down 1.2%

CVD Equipment stock traded down $0.04 during midday trading on Friday, hitting $3.02. 16,149 shares of the stock were exchanged, compared to its average volume of 25,574. CVD Equipment has a fifty-two week low of $2.46 and a fifty-two week high of $4.80. The stock has a market capitalization of $20.81 million, a price-to-earnings ratio of -4.80 and a beta of 0.73. The stock’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.31. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01.

CVD Equipment (NASDAQ:CVV) last released its quarterly earnings data on Tuesday, May 13th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%. The firm had revenue of $8.17 million during the quarter.

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.