Short Interest in CVD Equipment Co. (NASDAQ:CVV) Declines By 10.8%

CVD Equipment Co. (NASDAQ:CVV) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 28,100 shares, a decline of 10.8% from the November 30th total of 31,500 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CVD Equipment in a research note on Monday, December 23rd. They issued a “hold” rating on the stock.

CVD Equipment Stock Down 0.5 %

Shares of NASDAQ:CVV traded down $0.02 during midday trading on Monday, hitting $4.04. 33,774 shares of the stock were exchanged, compared to its average volume of 19,909. The company has a market capitalization of $27.80 million, a PE ratio of -6.41 and a beta of 1.42. CVD Equipment has a 52-week low of $2.70 and a 52-week high of $6.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. The business’s fifty day simple moving average is $3.31 and its two-hundred day simple moving average is $3.53.

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.