Morgan Advanced Materials (OTCMKTS:MCRUF) Sees Large Drop in Short Interest

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,665 shares, a decrease of 84.4% from the April 30th total of 10,665 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Morgan Advanced Materials Price Performance

Morgan Advanced Materials stock remained flat at $2.95 during mid-day trading on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.23. Morgan Advanced Materials has a twelve month low of $2.58 and a twelve month high of $3.27. The company’s 50 day moving average price is $2.96 and its 200-day moving average price is $2.92.

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.