SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Down 99.9% in May

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 1 shares, a decline of 99.9% from the April 30th total of 1,941 shares. Based on an average trading volume of 90,154 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

SCI Engineered Materials Stock Performance

Shares of OTCMKTS:SCIA traded up $0.73 during trading on Wednesday, hitting $8.39. The company’s stock had a trading volume of 4,075 shares, compared to its average volume of 26,739. SCI Engineered Materials has a fifty-two week low of $3.80 and a fifty-two week high of $8.99. The stock’s 50-day moving average price is $5.90 and its two-hundred day moving average price is $5.49. The company has a market capitalization of $37.34 million, a PE ratio of 20.46 and a beta of 0.90.

SCI Engineered Materials (OTCMKTS:SCIA) last released its quarterly earnings results on Friday, May 1st. The company reported $0.10 EPS for the quarter. SCI Engineered Materials had a return on equity of 13.46% and a net margin of 7.82%.The business had revenue of $8.16 million for the quarter.

SCI Engineered Materials Company Profile

SCI Engineered Materials, Inc engages in the manufacture and supply of materials for physical vapor deposition thin film applications in the United States. It offers ceramic targets, metal sputtering targets, and backing plates for use in semiconductors, thin film solar, flat panel displays, defense, aerospace, and photonics industries. The company’s materials are used to produce nano layers of metals and oxides for advanced material systems; and in applying decorative coatings for end uses, such as sink faucets to produce various electronic, photonic, and semiconductor products.