Morgan Advanced Materials (OTCMKTS:MCRUF) Stock Short Interest Report for October

Morgan Advanced Materials (OTCMKTS:MCRUF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 22,629 shares, an increase of 14,787.5% from the September 30th total of 152 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 51 shares, the short-interest ratio is presently 443.7 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup cut Morgan Advanced Materials from a “buy” rating to a “neutral” rating in a report on Monday, October 19th. Royal Bank Of Canada raised Morgan Advanced Materials from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Morgan Advanced Materials Price Performance

Shares of Morgan Advanced Materials stock remained flat at $3.67 during trading on Monday. Morgan Advanced Materials has a 12 month low of $2.58 and a 12 month high of $3.67. The firm’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.11.

About Morgan Advanced Materials

Morgan Advanced Materials plc is a United Kingdom-based manufacturer of advanced materials and engineered products. The company develops solutions using carbon, ceramics and other specialist materials designed to operate in demanding conditions, including high temperatures, electrical loads, mechanical stress and corrosive environments.

Its products and technologies include carbon brushes and electrical contact materials, ceramic components, thermal-management and insulation products, seals, bearings, refractory materials and composite solutions.