CVD Equipment Co. (NASDAQ:CVV) Short Interest Up 5.7% in January

CVD Equipment Co. (NASDAQ:CVV) saw 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. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

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

CVD Equipment Trading Up 2.9 %

CVV opened at $3.55 on Monday. CVD Equipment has a 52 week low of $2.70 and a 52 week high of $6.35. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $3.74 and a 200-day simple moving average of $3.52. The firm has a market cap of $24.42 million, a P/E ratio of -5.63 and a beta of 1.33.

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.