Morgan Advanced Materials (OTCMKTS:MCRUF) Sees Significant Decrease in Short Interest

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 3,627 shares, a drop of 89.3% from the January 15th total of 33,767 shares. Based on an average daily trading volume, of 657 shares, the days-to-cover ratio is presently 5.5 days. Based on an average daily trading volume, of 657 shares, the days-to-cover ratio is presently 5.5 days.

Morgan Advanced Materials Stock Performance

MCRUF stock remained flat at $2.97 during midday trading on Tuesday. The business’s 50 day moving average price is $2.90 and its 200-day moving average price is $2.85. Morgan Advanced Materials has a 1-year low of $2.37 and a 1-year high of $3.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.74.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered Morgan Advanced Materials from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently 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.