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

CVD Equipment Corporation (NASDAQ:CVV) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 17,744 shares, a decline of 39.6% from the February 12th total of 29,381 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 37,125 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 37,125 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On CVD Equipment

Several hedge funds have recently bought and sold shares of the company. DRW Securities LLC acquired a new position in CVD Equipment during the fourth quarter worth $45,000. Citadel Advisors LLC raised its stake in shares of CVD Equipment by 93.6% during the 3rd 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after buying an additional 3,556 shares in the last quarter. 31.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CVD Equipment in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

CVD Equipment Stock Performance

CVV stock traded down $0.22 during trading on Friday, reaching $3.98. 26,007 shares of the company were exchanged, compared to its average volume of 49,864. The stock’s 50 day moving average price is $4.24 and its 200 day moving average price is $3.66. CVD Equipment has a 52-week low of $2.46 and a 52-week high of $5.86. The company has a market cap of $27.62 million, a P/E ratio of -198.90 and a beta of 1.01.

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.