Morgan Advanced Materials (OTCMKTS:MCRUF) Short Interest Up 244.3% in June

Morgan Advanced Materials (OTCMKTS:MCRUF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,747 shares, a growth of 244.3% from the May 31st total of 1,669 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2 shares, the short-interest ratio is currently 2,873.5 days.

Morgan Advanced Materials Stock Performance

Morgan Advanced Materials stock opened at $2.95 on Friday. The business has a 50 day moving average price of $2.95 and a two-hundred day moving average price of $2.97. 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.