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

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 252 shares, a decline of 85.4% from the June 30th total of 1,728 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Approximately 0.0% of the shares of the stock are short sold.

Morgan Advanced Materials Price Performance

OTCMKTS MCRUF traded up $0.24 during trading hours on Friday, reaching $2.98. 4,425 shares of the company’s stock were exchanged, compared to its average volume of 54. Morgan Advanced Materials has a one year low of $2.58 and a one year high of $3.27. The firm has a fifty day moving average of $2.87 and a 200-day moving average of $2.97. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.61.

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.