SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Up 1,544.0% in June

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,787 shares, a growth of 1,544.0% from the June 15th total of 352 shares. Based on an average daily volume of 30,889 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

SCI Engineered Materials Stock Performance

Shares of SCIA traded down $0.11 during mid-day trading on Friday, reaching $6.79. The company had a trading volume of 13,175 shares, compared to its average volume of 11,698. The company has a market capitalization of $30.22 million, a price-to-earnings ratio of 16.56 and a beta of 1.11. The firm has a 50-day moving average price of $7.63 and a 200 day moving average price of $6.06. 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 announced its quarterly earnings data on Friday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter. SCI Engineered Materials had a return on equity of 13.46% and a net margin of 7.82%.The business had revenue of $8.16 million during 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.