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

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 33,300 shares, a drop of 7.0% from the October 15th total of 35,800 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.6% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, major shareholder Andrew Africk acquired 85,837 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $5.51 per share, for a total transaction of $472,961.87. Following the completion of the transaction, the insider now owns 918,624 shares of the company’s stock, valued at $5,061,618.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.00% of the company’s stock.

Institutional Trading of CVD Equipment

Hedge funds have recently made changes to their positions in the stock. AIGH Capital Management LLC bought a new position in shares of CVD Equipment in the first quarter worth about $4,441,000. Renaissance Technologies LLC boosted its stake in CVD Equipment by 6.9% in the 2nd quarter. Renaissance Technologies LLC now owns 103,582 shares of the industrial products company’s stock worth $763,000 after purchasing an additional 6,700 shares during the period. Worth Venture Partners LLC boosted its stake in shares of CVD Equipment by 1.9% during the 2nd quarter. Worth Venture Partners LLC now owns 83,739 shares of the industrial products company’s stock worth $617,000 after buying an additional 1,600 shares during the last quarter. Ameriprise Financial Inc. bought a new position in CVD Equipment in the 1st quarter valued at about $1,060,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CVD Equipment by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,294 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 7,152 shares during the period. Institutional investors own 28.25% of the company’s stock.

CVD Equipment Trading Down 10.9 %

CVV traded down $0.61 during mid-day trading on Friday, hitting $4.99. 69,812 shares of the stock were exchanged, compared to its average volume of 38,568. The company has a current ratio of 2.85, a quick ratio of 2.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $34.03 million, a PE ratio of -102.20 and a beta of 1.65. The firm’s fifty day moving average is $6.55 and its two-hundred day moving average is $7.32. CVD Equipment has a 1-year low of $4.95 and a 1-year high of $15.82.

CVD Equipment (NASDAQ:CVV) last released its quarterly earnings results on Monday, August 14th. The industrial products company reported ($0.12) earnings per share for the quarter. CVD Equipment had a negative return on equity of 0.20% and a negative net margin of 1.31%. The company had revenue of $5.07 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CVD Equipment in a report on Monday. They set a “hold” rating for the company.

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. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The company 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; and ultra-high purity gas and chemical delivery control systems, including gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, aerospace, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications.