SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Down 71.8% in August

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,179 shares, a decrease of 71.8% from the August 15th total of 4,187 shares. Based on an average daily trading volume, of 11,780 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

SCI Engineered Materials Price Performance

SCIA opened at $8.86 on Friday. SCI Engineered Materials has a 12 month low of $3.91 and a 12 month high of $9.60. The stock has a market cap of $39.43 million, a P/E ratio of 15.02 and a beta of 1.06. The stock’s 50 day moving average price is $8.31 and its 200 day moving average price is $6.98.

SCI Engineered Materials (OTCMKTS:SCIA) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.26 earnings per share (EPS) for the quarter. SCI Engineered Materials had a return on equity of 18.52% and a net margin of 8.97%.The company had revenue of $9.49 million during 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.