Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Update

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,627 shares, a decrease of 89.3% from the January 15th total of 33,767 shares. Based on an average daily volume of 657 shares, the short-interest ratio is currently 5.5 days. Based on an average daily volume of 657 shares, the short-interest ratio is currently 5.5 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded Morgan Advanced Materials from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Morgan Advanced Materials Stock Performance

MCRUF stock remained flat at $2.97 during trading on Thursday. The business has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $2.85. Morgan Advanced Materials has a 1-year low of $2.37 and a 1-year high of $3.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.74.

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.