SCI Engineered Materials Inc. (OTCMKTS:SCIA) Sees Large Decline in Short Interest

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 4,187 shares, a decline of 51.9% from the July 30th total of 8,701 shares. Based on an average daily trading volume, of 15,088 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

SCI Engineered Materials Trading Down 0.1%

Shares of SCI Engineered Materials stock opened at $9.10 on Friday. The stock has a 50-day moving average price of $7.92 and a 200 day moving average price of $6.73. The company has a market cap of $40.48 million, a P/E ratio of 15.42 and a beta of 1.08. SCI Engineered Materials has a 1 year low of $3.81 and a 1 year high of $9.60.

SCI Engineered Materials (OTCMKTS:SCIA) last released its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $9.49 million for the quarter. SCI Engineered Materials had a return on equity of 18.52% and a net margin of 8.97%.

About SCI Engineered Materials

SCI Engineered Materials, Inc engages in the manufacture and supply of materials for physical vapor deposition thin film applications in the United States. It offers ceramic targets, metal sputtering targets, and backing plates for use in semiconductors, thin film solar, flat panel displays, defense, aerospace, and photonics industries. The company’s materials are used to produce nano layers of metals and oxides for advanced material systems; and in applying decorative coatings for end uses, such as sink faucets to produce various electronic, photonic, and semiconductor products.