Short Interest in CVD Equipment Co. (NASDAQ:CVV) Grows By 24.4%

CVD Equipment Co. (NASDAQ:CVV) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 25,500 shares, a growth of 24.4% from the August 15th total of 20,500 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the shares of the company are short sold.

CVD Equipment Stock Down 0.3 %

CVV stock opened at $3.30 on Tuesday. The business’s 50-day moving average price is $3.76 and its 200-day moving average price is $4.28. The stock has a market cap of $22.52 million, a P/E ratio of -4.02 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. CVD Equipment has a twelve month low of $3.00 and a twelve month high of $7.73.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings results on Tuesday, August 13th. The industrial products company reported ($0.11) earnings per share for the quarter. The firm had revenue of $6.35 million for the quarter. CVD Equipment had a negative net margin of 24.34% and a negative return on equity of 20.25%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on CVD Equipment in a report on Tuesday, September 10th. 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.