Short Interest in SCI Engineered Materials Inc. (OTCMKTS:SCIA) Declines By 51.9%

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,187 shares, a decline of 51.9% from the July 30th total of 8,701 shares. Based on an average daily trading volume, of 15,088 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

SCI Engineered Materials Stock Performance

Shares of SCIA stock opened at $9.10 on Friday. The stock’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $6.73. SCI Engineered Materials has a twelve month low of $3.81 and a twelve month high of $9.60. The company has a market capitalization of $40.48 million, a price-to-earnings ratio of 15.42 and a beta of 1.08.

SCI Engineered Materials (OTCMKTS:SCIA) last announced its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share (EPS) 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 during the quarter.

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.