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

SCI Engineered Materials, Inc. (OTCMKTS:SCIA) was the target of a large drop in short interest in the month of 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 trading volume, of 6,900 shares, the short-interest ratio is presently 0.0 days.

SCI Engineered Materials Stock Performance

Shares of SCIA stock traded down $0.03 on Wednesday, hitting $4.97. The company had a trading volume of 2,200 shares, compared to its average volume of 2,897. SCI Engineered Materials has a twelve month low of $4.23 and a twelve month high of $6.69. The firm has a market cap of $22.71 million, a P/E ratio of 11.36 and a beta of 0.87. The stock’s 50-day moving average is $4.95 and its two-hundred day moving average is $5.28.

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

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.