Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Update

Morgan Advanced Materials (OTCMKTS:MCRUF) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,728 shares, a decline of 69.9% from the June 15th total of 5,747 shares. Based on an average daily volume of 519 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.0% of the shares of the company are sold short.

Morgan Advanced Materials Price Performance

Shares of MCRUF remained flat at $2.74 during trading hours on Monday. The business has a 50-day moving average of $2.91 and a 200 day moving average of $2.98. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. Morgan Advanced Materials has a 12-month low of $2.58 and a 12-month high of $3.27.

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.