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

SCI Engineered Materials, Inc. (OTCMKTS:SCIA) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 300 shares, a drop of 62.5% from the October 31st total of 800 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 0.0 days.

SCI Engineered Materials Price Performance

Shares of OTCMKTS SCIA traded down $0.03 during mid-day trading on Wednesday, reaching $4.97. 2,200 shares of the company’s stock traded hands, compared to its average volume of 2,897. The business has a 50-day simple moving average of $4.95 and a 200 day simple moving average of $5.28. The stock has a market cap of $22.71 million, a P/E ratio of 11.36 and a beta of 0.87. SCI Engineered Materials has a 1-year low of $4.23 and a 1-year high of $6.69.

SCI Engineered Materials (OTCMKTS:SCIA) last released its quarterly earnings results on Friday, November 1st. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.88 million during the quarter. SCI Engineered Materials had a return on equity of 16.98% and a net margin of 8.04%.

SCI Engineered Materials Company Profile

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.