61K shares changed hands on Wednesday. Shares saw a steep increase in trading volume of 381.19% over the normal average daily volume.
Traders are a little more bearish on shares of CVD Equipment Corp recently if you evaluate the uptick in short interest. The firm experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 0.04%. Short interest grew from 384,229 to 384,369 over that period. With short interest at 384,369 and short average daily volume at 19,355, days to cover is 20.0 and the percentage of shorted shares was 0.06% on October 13.
These funds have shifted positions in (CVV). As of quarter end Keybank National Association/oh had sold 4,068 shares trimming its stake by 4.8%. The value of the total investment in CVD Equipment Corp decreased from $936,000 to $886,000 decreasing 5.3% since the last quarter. Morgan Stanley expanded its ownership by buying 1,077 shares an increase of 26,925.0% from 06/30/2017 to 09/30/2017. Morgan Stanley now controls 1,081 shares valued at $12,000. The total value of its holdings increased inf%.
Janney Montgomery Scott LLC grew its holdings by buying 7,500 shares an increase of 11.3%. Janney Montgomery Scott LLC now holds 73,590 shares with a value of $809,000. The value of the position overall is up by 10.5%. As of the end of the quarter Renaissance Technologies LLC had acquired a total of 9,500 shares growing its position 8.0%. The value of the investment in CVD Equipment Corp went from $1,312,000 to $1,408,000 a change of $96,000 quarter to quarter.
The company is so far trading up by 0.55% since yesterday’s close of 11.69. CVD Equipment Corp’s P/E ratio is 16.89 and the market cap is 75.34M. As of the last earnings report the EPS was $0.70 with 6.41M shares presently outstanding.
CVD Equipment Corporation, launched on October 13, 1982, designs and manufactures equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. The Company operates through two divisions: CVD/First Nano and Stainless Design Concepts (SDC). The Business’s principal products include chemical vapor deposition, rapid thermal processing (RTP), annealing and diffusion furnaces, purity gas and liquid control systems, and quartz-ware. The Company sells its products primarily to electronic component manufacturers; institutions involved in electronic component research, such as universities, government and industrial laboratories, and to industries, such as aerospace that require specialized coatings..