Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Update

Morgan Advanced Materials (OTCMKTS:MCRUF) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 640 shares, a drop of 94.8% from the November 30th total of 12,340 shares. Based on an average daily trading volume, of 3 shares, the days-to-cover ratio is currently 213.3 days. Based on an average daily trading volume, of 3 shares, the days-to-cover ratio is currently 213.3 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered shares of Morgan Advanced Materials from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Morgan Advanced Materials Stock Performance

OTCMKTS:MCRUF traded up $0.03 during trading hours on Friday, reaching $2.93. The stock had a trading volume of 18,573 shares, compared to its average volume of 2,232. The stock has a 50 day simple moving average of $2.72 and a 200 day simple moving average of $2.82. Morgan Advanced Materials has a 12-month low of $2.37 and a 12-month high of $3.18.

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.