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

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

CVD Equipment Stock Performance

CVD Equipment stock traded up $0.43 during midday trading on Thursday, reaching $3.20. 162,461 shares of the company’s stock were exchanged, compared to its average volume of 17,443. CVD Equipment has a 52 week low of $2.74 and a 52 week high of $6.35. The firm has a market cap of $22.02 million, a price-to-earnings ratio of -3.92 and a beta of 1.39. The stock’s 50-day simple moving average is $3.19 and its 200 day simple moving average is $3.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 2.39.

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

Wall Street Analysts Forecast Growth

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

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.