CVD Equipment Co. (NASDAQ:CVV) Short Interest Down 43.5% in October

CVD Equipment Co. (NASDAQ:CVV) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 13,500 shares, a decrease of 43.5% from the October 15th total of 23,900 shares. Based on an average daily trading volume, of 19,100 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on CVD Equipment in a research report on Wednesday. They set a “hold” rating on the stock.

CVD Equipment Stock Up 15.5 %

NASDAQ:CVV traded up $0.43 during trading hours on Thursday, hitting $3.20. 162,461 shares of the company’s stock traded hands, compared to its average volume of 17,443. The firm has a market cap of $22.02 million, a P/E ratio of -3.92 and a beta of 1.39. CVD Equipment has a twelve month low of $2.74 and a twelve month high of $6.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 2.39. The stock’s fifty day moving average price is $3.19 and its two-hundred day moving average price is $3.77.

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

About CVD Equipment

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.