Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Up 219.5% in April

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 10,665 shares, a growth of 219.5% from the April 15th total of 3,338 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 23 shares, the short-interest ratio is currently 463.7 days.

Morgan Advanced Materials Stock Performance

Shares of OTCMKTS MCRUF remained flat at $2.95 during midday trading on Friday. Morgan Advanced Materials has a 52 week low of $2.37 and a 52 week high of $3.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.23. The business’s 50-day simple moving average is $2.97 and its 200-day simple moving average is $2.91.

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.