CVD Equipment Co. (NASDAQ:CVV) Short Interest Down 14.9% in February

CVD Equipment Co. (NASDAQ:CVV) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 12,600 shares, a decrease of 14.9% from the February 13th total of 14,800 shares. Based on an average trading volume of 34,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On CVD Equipment

A number of large investors have recently added to or reduced their stakes in CVV. Northern Trust Corp grew its holdings in CVD Equipment by 63.7% in the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 12,657 shares during the last quarter. Quinn Opportunity Partners LLC grew its holdings in CVD Equipment by 24.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 13,914 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 15,700 shares in the last quarter. Finally, AMH Equity Ltd boosted its stake in shares of CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares in the last quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.

CVD Equipment Stock Up 0.3 %

CVV opened at $3.16 on Friday. The company has a 50 day moving average of $3.39 and a 200 day moving average of $3.41. The company has a market cap of $21.75 million, a PE ratio of -5.02 and a beta of 1.33. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01.

CVD Equipment (NASDAQ:CVV) last posted its earnings results on Wednesday, March 19th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $7.41 million for the quarter. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%. During the same quarter in the prior year, the company earned ($0.33) earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of CVD Equipment in a research report on Friday. They set a “hold” rating for the company.

CVD Equipment Company Profile

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.