SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Down 99.9% in May

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1 shares, a decline of 99.9% from the April 30th total of 1,941 shares. Based on an average trading volume of 90,154 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

SCI Engineered Materials Trading Down 1.1%

OTCMKTS:SCIA traded down $0.09 during mid-day trading on Friday, hitting $8.30. The stock had a trading volume of 120 shares, compared to its average volume of 12,223. The company has a 50 day simple moving average of $5.97 and a 200-day simple moving average of $5.51. The stock has a market capitalization of $36.94 million, a price-to-earnings ratio of 20.24 and a beta of 0.90. SCI Engineered Materials has a 52 week low of $3.80 and a 52 week high of $8.99.

SCI Engineered Materials (OTCMKTS:SCIA) last released its quarterly earnings results on Friday, May 1st. The company reported $0.10 earnings per share for the quarter. SCI Engineered Materials had a return on equity of 13.46% and a net margin of 7.82%.The company had revenue of $8.16 million for the quarter.

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.