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

CVD Equipment Corporation (NASDAQ:CVV) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 31,191 shares, an increase of 73.1% from the April 15th total of 18,022 shares. Based on an average daily volume of 168,954 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On CVD Equipment

Large investors have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new stake in CVD Equipment in the 4th quarter valued at about $45,000. Citadel Advisors LLC grew its stake in CVD Equipment by 93.6% in the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 20,011 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 3,556 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in CVD Equipment by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 27,000 shares during the last quarter. 31.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CVD Equipment in a research note on Wednesday, January 21st. Wall Street Zen cut shares of CVD Equipment from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

CVD Equipment Trading Up 2.0%

Shares of NASDAQ CVV opened at $6.09 on Wednesday. The stock has a market cap of $42.26 million, a price-to-earnings ratio of -11.94 and a beta of 1.35. CVD Equipment has a 52 week low of $2.48 and a 52 week high of $8.45. The company’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.24.

About CVD Equipment

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.