SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Up 2,069.8% in July

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 8,701 shares, a growth of 2,069.8% from the July 15th total of 401 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 23,611 shares, the days-to-cover ratio is presently 0.4 days.

SCI Engineered Materials Trading Up 2.3%

Shares of OTCMKTS:SCIA opened at $9.40 on Wednesday. The stock’s 50-day moving average price is $7.64 and its two-hundred day moving average price is $6.43. SCI Engineered Materials has a 12-month low of $3.81 and a 12-month high of $9.44. The firm has a market cap of $41.83 million, a price-to-earnings ratio of 15.93 and a beta of 1.08.

SCI Engineered Materials (OTCMKTS:SCIA) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.26 EPS for the quarter. The company had revenue of $9.49 million during the quarter. SCI Engineered Materials had a net margin of 8.97% and a return on equity of 18.52%.

SCI Engineered Materials Company Profile

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.