Short Interest in CVD Equipment Co. (NASDAQ:CVV) Decreases By 7.8%

CVD Equipment Co. (NASDAQ:CVV) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 23,500 shares, a drop of 7.8% from the August 31st total of 25,500 shares. Based on an average daily volume of 16,100 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on CVD Equipment in a report on Thursday, September 26th. They set a “hold” rating on the stock.

CVD Equipment Trading Up 1.2 %

CVV stock traded up $0.04 during trading on Tuesday, reaching $3.35. 4,172 shares of the stock were exchanged, compared to its average volume of 15,361. The business has a 50 day moving average price of $3.60 and a 200-day moving average price of $4.17. CVD Equipment has a 1 year low of $3.00 and a 1 year high of $7.14. The company has a current ratio of 2.39, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $22.86 million, a price-to-earnings ratio of -4.07 and a beta of 1.38.

CVD Equipment (NASDAQ:CVV) last announced its quarterly earnings results on Tuesday, August 13th. The industrial products company reported ($0.11) earnings per share for the quarter. The company had revenue of $6.35 million for the quarter. CVD Equipment had a negative net margin of 24.34% and a negative return on equity of 20.25%.

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.