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

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 1,665 shares, a decline of 84.4% from the April 30th total of 10,665 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.0% of the shares of the stock are sold short.

Morgan Advanced Materials Stock Performance

OTCMKTS:MCRUF remained flat at $2.95 during trading hours on Friday. Morgan Advanced Materials has a one year low of $2.58 and a one year high of $3.27. The company’s fifty day moving average price is $2.96 and its 200-day moving average price is $2.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 0.80.

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.