SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Up 2,069.8% in July

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 8,701 shares, a growth of 2,069.8% from the July 15th total of 401 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 23,611 shares, the short-interest ratio is presently 0.4 days.

SCI Engineered Materials Stock Performance

SCIA traded up $0.21 on Tuesday, hitting $9.40. 22,415 shares of the company were exchanged, compared to its average volume of 11,705. The stock’s fifty day moving average is $7.61 and its 200-day moving average is $6.41. SCI Engineered Materials has a 12 month low of $3.81 and a 12 month high of $9.44. The company has a market cap of $41.83 million, a PE ratio of 15.93 and a beta of 1.08.

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