Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Up 244.3% in June

Morgan Advanced Materials (OTCMKTS:MCRUF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 5,747 shares, an increase of 244.3% from the May 31st total of 1,669 shares. Based on an average daily trading volume, of 2 shares, the days-to-cover ratio is currently 2,873.5 days. Currently, 0.0% of the shares of the stock are sold short.

Morgan Advanced Materials Stock Performance

OTCMKTS MCRUF opened at $2.95 on Friday. The company’s 50-day simple moving average is $2.95 and its 200 day simple moving average is $2.97. Morgan Advanced Materials has a twelve month low of $2.58 and a twelve month high of $3.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 0.80.

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.