Short Interest in CVD Equipment Corporation (NASDAQ:CVV) Expands By 73.1%

CVD Equipment Corporation (NASDAQ:CVVGet Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 31,191 shares, a growth of 73.1% from the April 15th total of 18,022 shares. Based on an average trading volume of 168,954 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s shares are short sold.

CVD Equipment Stock Performance

CVV stock traded up $0.92 during mid-day trading on Monday, reaching $6.12. 349,908 shares of the stock traded hands, compared to its average volume of 235,706. CVD Equipment has a one year low of $2.46 and a one year high of $8.45. The stock has a market capitalization of $42.47 million, a PE ratio of -12.00 and a beta of 1.35. The business has a 50-day moving average price of $5.02 and a two-hundred day moving average price of $4.21.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. DRW Securities LLC bought a new position in shares of CVD Equipment in the fourth quarter worth about $45,000. Citadel Advisors LLC grew its holdings in shares of CVD Equipment by 93.6% in the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 20,011 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $241,000 after purchasing an additional 3,556 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 27,000 shares during the last quarter. 31.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, January 21st. Wall Street Zen cut shares of CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on CVD Equipment

CVD Equipment Company Profile

(Get Free Report)

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.

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