CVD Equipment Co. (NASDAQ:CVV) Sees Large Growth in Short Interest
CVD Equipment Co. (NASDAQ:CVV) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 19,200 shares, a growth of 500.0% from the July 31st total of 3,200 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the company’s stock are short sold.
CVV traded down $0.08 during midday trading on Wednesday, reaching $3.56. The company’s stock had a trading volume of 768 shares, compared to its average volume of 9,488. CVD Equipment has a 1 year low of $3.29 and a 1 year high of $6.44. The stock’s 50-day moving average is $3.61 and its 200-day moving average is $3.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.34 and a quick ratio of 2.91.
CVD Equipment (NASDAQ:CVV) last released its earnings results on Tuesday, August 13th. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter. CVD Equipment had a negative net margin of 46.69% and a negative return on equity of 22.52%. The business had revenue of $4.92 million for the quarter.
CVD Equipment Corporation develops, manufactures, and sells equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications in the United States and internationally. It operates through two segments, CVD/First Nano and SDC. The company offers chemical vapor deposition systems for use in the research, development, and manufacture of aerospace and medical components, semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial applications; and rapid thermal processing systems for use in implant activation, oxidation, silicide formation, and other processes.
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