CVD Equipment Co. (NASDAQ:CVV) Short Interest Down 14.9% in February

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 12,600 shares, a decline of 14.9% from the February 13th total of 14,800 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

CVD Equipment Trading Up 0.3 %

Shares of NASDAQ CVV opened at $3.16 on Friday. CVD Equipment has a 1 year low of $2.70 and a 1 year high of $6.35. The stock has a market cap of $21.75 million, a P/E ratio of -5.02 and a beta of 1.33. The firm has a 50-day moving average of $3.39 and a 200 day moving average of $3.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings results on Wednesday, March 19th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%. The company had revenue of $7.41 million during the quarter. During the same period last year, the business earned ($0.33) earnings per share.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Northern Trust Corp raised its holdings in CVD Equipment by 63.7% in the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after buying an additional 12,657 shares during the last quarter. Quinn Opportunity Partners LLC raised its holdings in shares of CVD Equipment by 24.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 13,914 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of CVD Equipment by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 15,700 shares during the last quarter. Finally, AMH Equity Ltd raised its holdings in shares of CVD Equipment by 2.8% during the fourth quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares during the last quarter. 31.59% of the stock is owned by hedge funds and other institutional investors.

About CVD Equipment

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment 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.