Short Interest in Morgan Advanced Materials (OTCMKTS:MCRUF) Declines By 85.5%

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 252 shares, a decrease of 85.5% from the July 30th total of 1,743 shares. Based on an average daily trading volume, of 421 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are short sold.

Morgan Advanced Materials Price Performance

OTCMKTS MCRUF remained flat at $3.30 during mid-day trading on Thursday. 100 shares of the company were exchanged, compared to its average volume of 155. Morgan Advanced Materials has a 52 week low of $2.58 and a 52 week high of $3.47. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $3.00.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials is a global engineering group specializing in the design, development and manufacture of advanced ceramic, carbon and composite materials. Founded in 1856 and headquartered in Windsor, England, the company serves a broad range of end markets by providing high-performance materials and components that enable critical applications in industries such as energy, electronics, aerospace, transportation and medical equipment.

The company’s portfolio includes engineered ceramics for thermal management and insulation, carbon materials for electrical and mechanical applications, and composite assemblies for wear-resistant and refractory uses.