SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Update

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,787 shares, a growth of 1,544.0% from the June 15th total of 352 shares. Based on an average daily volume of 30,889 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

SCI Engineered Materials Stock Performance

OTCMKTS:SCIA traded down $0.11 during mid-day trading on Friday, hitting $6.79. 13,175 shares of the stock were exchanged, compared to its average volume of 11,698. The stock has a market capitalization of $30.22 million, a price-to-earnings ratio of 16.56 and a beta of 1.11. The firm’s 50-day simple moving average is $7.63 and its 200 day simple moving average is $6.06. SCI Engineered Materials has a fifty-two week low of $3.80 and a fifty-two week high of $8.99.

SCI Engineered Materials (OTCMKTS:SCIA) last released its quarterly earnings results on Friday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter. SCI Engineered Materials had a return on equity of 13.46% and a net margin of 7.82%.The business had revenue of $8.16 million during the quarter.

SCI Engineered Materials Company Profile

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.