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

CVD Equipment Co. (NASDAQ:CVV) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 29,700 shares, an increase of 5.7% from the December 31st total of 28,100 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 38,000 shares, the short-interest ratio is currently 0.8 days.

CVD Equipment Stock Performance

Shares of CVV opened at $3.55 on Monday. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. CVD Equipment has a 52-week low of $2.70 and a 52-week high of $6.35. The stock has a 50 day moving average price of $3.74 and a 200 day moving average price of $3.52. The company has a market capitalization of $24.42 million, a price-to-earnings ratio of -5.63 and a beta of 1.33.

Analyst Upgrades and Downgrades

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

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.