Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Down 85.5% in August

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 252 shares, a drop of 85.5% from the July 30th total of 1,743 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 421 shares, the days-to-cover ratio is presently 0.6 days.

Morgan Advanced Materials Price Performance

Morgan Advanced Materials stock remained flat at $3.47 during mid-day trading on Wednesday. The business has a fifty day moving average of $2.99 and a two-hundred day moving average of $3.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 0.80. Morgan Advanced Materials has a twelve month low of $2.58 and a twelve month high of $3.47.

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.