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

CVD Equipment Corporation (NASDAQ:CVV) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 124,555 shares, a growth of 299.3% from the April 30th total of 31,191 shares. Based on an average daily trading volume, of 268,045 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 3,556 shares during the last quarter. DRW Securities LLC bought a new position in CVD Equipment in the 4th quarter worth approximately $45,000. Citadel Advisors LLC raised its stake in CVD Equipment by 93.6% during 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its position in CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after acquiring an additional 27,000 shares during the period. 31.59% of the stock is currently owned by institutional investors.

CVD Equipment Trading Down 4.1%

CVV stock traded down $0.24 during mid-day trading on Friday, hitting $5.67. 29,057 shares of the company were exchanged, compared to its average volume of 228,770. The company has a market capitalization of $39.33 million, a PE ratio of -11.17 and a beta of 1.35. The firm has a fifty day simple moving average of $5.38 and a 200 day simple moving average of $4.35. CVD Equipment has a twelve month low of $2.75 and a twelve month high of $8.45.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.