CVD Equipment Corporation (NASDAQ:CVV) Short Interest Update

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

Institutional Investors Weigh In On CVD Equipment

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in shares of CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after buying an additional 27,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 3,556 shares in the last quarter. Citadel Advisors LLC increased its stake 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 purchasing an additional 20,011 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in CVD Equipment during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 31.59% of the company’s stock.

CVD Equipment Stock Performance

Shares of CVV opened at $5.96 on Friday. CVD Equipment has a fifty-two week low of $2.75 and a fifty-two week high of $8.45. The stock has a market cap of $41.36 million, a PE ratio of -11.69 and a beta of 1.35. The firm’s 50-day simple moving average is $5.43 and its two-hundred day simple moving average is $4.36.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded CVD Equipment from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CVD Equipment has an average rating of “Sell”.

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.