Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Update

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 533 shares, a decline of 85.3% from the January 29th total of 3,627 shares. Based on an average daily trading volume, of 122 shares, the days-to-cover ratio is currently 4.4 days. Based on an average daily trading volume, of 122 shares, the days-to-cover ratio is currently 4.4 days.

Morgan Advanced Materials Price Performance

MCRUF stock remained flat at $3.27 during trading hours on Wednesday. Morgan Advanced Materials has a fifty-two week low of $2.37 and a fifty-two week high of $3.27. The business’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $2.87. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered Morgan Advanced Materials from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.