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

SCI Engineered Materials Inc. (OTCMKTS:SCIA) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 401 shares, a drop of 93.1% from the June 30th total of 5,787 shares. Based on an average trading volume of 23,652 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

SCI Engineered Materials Price Performance

SCI Engineered Materials stock traded down $0.14 during mid-day trading on Friday, reaching $7.10. 1,150 shares of the company traded hands, compared to its average volume of 11,619. The firm’s 50 day moving average price is $7.47 and its 200 day moving average price is $6.17. The firm has a market capitalization of $31.59 million, a price-to-earnings ratio of 17.32 and a beta of 1.11. SCI Engineered Materials has a 52-week low of $3.80 and a 52-week high of $8.99.

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 net margin of 7.82% and a return on equity of 13.46%. 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.