Short Interest in Morgan Advanced Materials (OTCMKTS:MCRUF) Increases By 79.4%

Key Points

• Short interest rose 79.4% to 3,388 shares as of March 31 (from 1,888 on March 15); reported short interest is 0.0% of shares sold short and the days-to-cover ratio is an extreme 1,694 days due to an average daily volume of just 2 shares.
• Shares opened at $2.98 with a 50‑day simple moving average of $3.04 and a 200‑day simple moving average of $2.93, trading in a 12‑month range of $2.37 to $3.27.
• Morgan Advanced Materials is a global engineering group (founded 1856, headquartered in Windsor, England) that designs and manufactures advanced ceramic, carbon and composite materials for industries such as energy, electronics, aerospace, transportation and medical equipment.

Morgan Advanced Materials (OTCMKTS:MCRUF - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,388 shares, a growth of 79.4% from the March 15th total of 1,888 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 2 shares, the days-to-cover ratio is currently 1,694.0 days.

Morgan Advanced Materials Price Performance

Shares of Morgan Advanced Materials stock opened at $2.98 on Monday. The business has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $2.93. Morgan Advanced Materials has a 12 month low of $2.37 and a 12 month high of $3.27.

About Morgan Advanced Materials

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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