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

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the target of a large growth in short interest in 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 days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

SCI Engineered Materials Stock Down 1.6%

SCI Engineered Materials stock traded down $0.11 during midday trading on Friday, reaching $6.79. 13,175 shares of the stock traded hands, compared to its average volume of 11,698. SCI Engineered Materials has a 12 month low of $3.80 and a 12 month high of $8.99. The stock’s fifty day moving average is $7.63 and its 200-day moving average is $6.06. The stock has a market cap of $30.22 million, a P/E ratio of 16.56 and a beta of 1.11.

SCI Engineered Materials (OTCMKTS:SCIA) last posted its earnings results on Friday, May 1st. The company reported $0.10 EPS for the quarter. SCI Engineered Materials had a return on equity of 13.46% and a net margin of 7.82%.The firm 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.