SCI Engineered Materials Inc. (OTCMKTS:SCIA) Short Interest Update

SCI Engineered Materials Inc. (OTCMKTS:SCIA) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,179 shares, a drop of 71.8% from the August 15th total of 4,187 shares. Based on an average daily volume of 11,780 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

SCI Engineered Materials Stock Performance

Shares of SCIA stock opened at $8.86 on Monday. The firm has a fifty day simple moving average of $8.31 and a two-hundred day simple moving average of $6.99. SCI Engineered Materials has a 12 month low of $3.91 and a 12 month high of $9.60. The firm has a market capitalization of $39.43 million, a PE ratio of 15.02 and a beta of 1.06.

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

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.