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

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 90,154 shares, the days-to-cover ratio is currently 0.0 days.

SCI Engineered Materials Trading Up 9.6%

Shares of SCIA traded up $0.73 during midday trading on Wednesday, reaching $8.39. 4,075 shares of the company were exchanged, compared to its average volume of 26,739. The stock has a 50-day moving average price of $5.90 and a 200-day moving average price of $5.49. The company has a market cap of $37.34 million, a price-to-earnings ratio of 20.46 and a beta of 0.90. SCI Engineered Materials has a 1-year low of $3.80 and a 1-year high of $8.99.

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

About SCI Engineered Materials

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.