Morgan Advanced Materials (OTCMKTS:MCRUF) Sees Significant Growth in Short Interest

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 10,665 shares, an increase of 219.5% from the April 15th total of 3,338 shares. Based on an average trading volume of 23 shares, the short-interest ratio is currently 463.7 days. Currently, 0.0% of the company’s shares are short sold.

Morgan Advanced Materials Stock Performance

MCRUF remained flat at $2.95 during mid-day trading on Friday. The company has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $2.91. Morgan Advanced Materials has a 52-week low of $2.37 and a 52-week high of $3.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.23.

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.