Morgan Advanced Materials (OTCMKTS:MCRUF) Sees Large Growth in Short Interest

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 22,629 shares, a growth of 14,787.5% from the September 30th total of 152 shares. Based on an average trading volume of 51 shares, the days-to-cover ratio is currently 443.7 days. Approximately 0.0% of the shares of the company are short sold.

Morgan Advanced Materials Stock Performance

MCRUF stock opened at $3.67 on Tuesday. The firm has a 50-day moving average of $3.44 and a two-hundred day moving average of $3.10. Morgan Advanced Materials has a 12 month low of $2.58 and a 12 month high of $3.67.

Wall Street Analyst Weigh In

MCRUF has been the subject of several recent research reports. Royal Bank Of Canada raised shares of Morgan Advanced Materials from a “hold” rating to a “moderate buy” rating in a report on Friday, October 9th. Citigroup cut Morgan Advanced Materials from a “buy” rating to a “neutral” rating in a report on Monday, October 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Morgan Advanced Materials currently has an average rating of “Moderate Buy”.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc is a United Kingdom-based manufacturer of advanced materials and engineered products. The company develops solutions using carbon, ceramics and other specialist materials designed to operate in demanding conditions, including high temperatures, electrical loads, mechanical stress and corrosive environments.

Its products and technologies include carbon brushes and electrical contact materials, ceramic components, thermal-management and insulation products, seals, bearings, refractory materials and composite solutions.