Short Interest in Morgan Advanced Materials (OTCMKTS:MCRUF) Grows By 219.5%

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 10,665 shares, a growth of 219.5% from the April 15th total of 3,338 shares. Based on an average daily volume of 23 shares, the days-to-cover ratio is currently 463.7 days. Currently, 0.0% of the shares of the company are short sold.

Morgan Advanced Materials Price Performance

MCRUF stock remained flat at $2.95 during trading on Thursday. Morgan Advanced Materials has a 12-month low of $2.37 and a 12-month high of $3.27. The business has a fifty day moving average of $2.97 and a 200-day moving average of $2.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.23.

About Morgan Advanced Materials

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.