Short Interest in Morgan Advanced Materials (OTCMKTS:MCRUF) Decreases By 33.9%

Key Points

• Short interest fell 33.9% to 1,888 shares as of March 13, down from 2,856 on February 26.
• Days-to-cover is 12.4 based on an average daily volume of 152 shares, meaning it could take nearly two weeks of typical trading to cover outstanding shorts.
• Shares were flat at $2.98 mid-day with a 50-day SMA of $3.07, 200-day SMA of $2.91 and a one-year range of $2.37–$3.27; Morgan Advanced Materials is a UK-based engineering group specializing in advanced ceramics, carbon and composite materials.

Morgan Advanced Materials (OTCMKTS:MCRUF - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,888 shares, a decrease of 33.9% from the February 26th total of 2,856 shares. Based on an average daily volume of 152 shares, the days-to-cover ratio is presently 12.4 days.

Morgan Advanced Materials Price Performance

Shares of OTCMKTS MCRUF remained flat at $2.98 during mid-day trading on Friday. The company has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $2.91. Morgan Advanced Materials has a 1-year low of $2.37 and a 1-year high of $3.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.11.

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.

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