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

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the target of a significant decline in short interest in 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 volume of 15,088 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

SCI Engineered Materials Stock Down 0.1%

Shares of OTCMKTS SCIA opened at $9.10 on Friday. The stock has a market cap of $40.48 million, a PE ratio of 15.42 and a beta of 1.08. SCI Engineered Materials has a 52-week low of $3.81 and a 52-week high of $9.60. The business has a 50-day moving average price of $7.92 and a 200 day moving average price of $6.73.

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

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.