Short Interest in Morgan Advanced Materials (OTCMKTS:MCRUF) Drops By 85.4%

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of 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 daily volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.0% of the shares of the company are short sold.

Morgan Advanced Materials Stock Up 8.9%

Shares of MCRUF opened at $2.98 on Friday. The company’s 50-day moving average is $2.87 and its 200-day moving average is $2.97. Morgan Advanced Materials has a fifty-two week low of $2.58 and a fifty-two week high of $3.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 0.80.

About Morgan Advanced Materials

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.