Morgan Advanced Materials plc (OTCMKTS:MCRUF) Sees Large Growth in Short Interest

Morgan Advanced Materials plc (OTCMKTS:MCRUF) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 79,700 shares, an increase of 4,588.2% from the February 13th total of 1,700 shares. Based on an average daily volume of 1,900 shares, the short-interest ratio is presently 41.9 days. Approximately 0.0% of the company’s shares are sold short.

Morgan Advanced Materials Price Performance

Morgan Advanced Materials stock opened at $2.70 on Thursday. The company’s fifty day simple moving average is $3.07 and its 200-day simple moving average is $3.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.41 and a current ratio of 2.19. Morgan Advanced Materials has a 12 month low of $2.70 and a 12 month high of $4.15.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.