CVD Equipment Co. (NASDAQ:CVV) Sees Large Growth in Short Interest

CVD Equipment Co. (NASDAQ:CVV) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 29,700 shares, a growth of 5.7% from the December 15th total of 28,100 shares. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CVD Equipment in a research note on Thursday, January 16th. They issued a “hold” rating on the stock.

CVD Equipment Price Performance

NASDAQ:CVV opened at $3.78 on Tuesday. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The firm has a market cap of $26.01 million, a PE ratio of -6.00 and a beta of 1.33. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35. The company’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $3.55.

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 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.