Short Interest in CVD Equipment Co. (NASDAQ:CVV) Decreases By 10.5%

CVD Equipment Co. (NASDAQ:CVV) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 20,500 shares, a decrease of 10.5% from the July 31st total of 22,900 shares. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of CVD Equipment in a report on Monday. They issued a “hold” rating on the stock.

CVD Equipment Trading Down 5.3 %

Shares of CVV stock traded down $0.20 during trading hours on Tuesday, hitting $3.60. The company had a trading volume of 3,648 shares, compared to its average volume of 14,978. The company’s fifty day moving average is $3.82 and its 200 day moving average is $4.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 1.88. CVD Equipment has a fifty-two week low of $3.46 and a fifty-two week high of $7.95. The stock has a market capitalization of $24.57 million, a PE ratio of -4.43 and a beta of 1.38.

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.