CVD Equipment Corporation (NASDAQ:CVV) Sees Significant Increase in Short Interest

CVD Equipment Corporation (NASDAQ:CVV) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 47,800 shares, a growth of 69.5% from the August 31st total of 28,200 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 31,700 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 31,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.9% of the shares of the stock are sold short.

CVD Equipment Price Performance

NASDAQ CVV opened at $3.35 on Monday. The company has a market cap of $23.05 million, a PE ratio of -66.99 and a beta of 0.87. The firm’s 50 day moving average price is $3.20 and its 200-day moving average price is $3.10. CVD Equipment has a 52-week low of $2.46 and a 52-week high of $4.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.49 and a current ratio of 4.00.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings results on Tuesday, August 12th. The industrial products company reported ($0.15) earnings per share (EPS) for the quarter. CVD Equipment had a negative net margin of 1.27% and a negative return on equity of 1.44%. The company had revenue of $5.11 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CVD Equipment in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.