Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Update

Morgan Advanced Materials (OTCMKTS:MCRUF) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 533 shares, a decrease of 85.3% from the January 29th total of 3,627 shares. Based on an average daily volume of 122 shares, the days-to-cover ratio is presently 4.4 days. Based on an average daily volume of 122 shares, the days-to-cover ratio is presently 4.4 days.

Morgan Advanced Materials Stock Performance

Shares of Morgan Advanced Materials stock remained flat at $3.27 on Wednesday. The company’s fifty day moving average is $3.02 and its two-hundred day moving average is $2.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.74. Morgan Advanced Materials has a 1-year low of $2.37 and a 1-year high of $3.27.

Wall Street Analyst Weigh In

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

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.