Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Down 69.9% in June

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,728 shares, a decrease of 69.9% from the June 15th total of 5,747 shares. Based on an average daily trading volume, of 519 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.0% of the shares of the stock are short sold.

Morgan Advanced Materials Stock Performance

Shares of MCRUF remained flat at $2.74 on Friday. Morgan Advanced Materials has a 52 week low of $2.58 and a 52 week high of $3.27. The stock’s 50 day simple moving average is $2.91 and its 200-day simple moving average is $2.98. The company has a current ratio of 1.23, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61.

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.