SCI Engineered Materials Inc. (OTCMKTS:SCIA) Sees Significant Increase in Short Interest

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 2,162 shares, a growth of 255.0% from the September 15th total of 609 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,829 shares, the days-to-cover ratio is presently 0.3 days.

SCI Engineered Materials Stock Down 2.4%

OTCMKTS SCIA traded down $0.22 on Friday, reaching $8.90. The company had a trading volume of 2,951 shares, compared to its average volume of 3,366. The company’s fifty day moving average is $9.01 and its 200 day moving average is $7.54. SCI Engineered Materials has a 52-week low of $3.92 and a 52-week high of $9.60. The stock has a market capitalization of $39.60 million, a P/E ratio of 15.09 and a beta of 1.15.

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

About SCI Engineered Materials

SCI Engineered Materials, Inc (OTCMKTS: SCIA) develops and manufactures advanced materials, components and related products used in thin-film deposition and coating processes. Its offerings are designed for applications that require precisely engineered films and surfaces.

The company’s products include sputtering targets, evaporation materials, backing plates and other deposition components. These materials and services support industries such as solar energy, display technology, semiconductors, optical coatings, architectural glass and other electronics-related applications.

SCI Engineered Materials is based in Columbus, Ohio, and serves customers involved in research, development and commercial manufacturing.