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

Morgan Advanced Materials plc (OTCMKTS:MCRUF) was the target of a significant increase in short interest in the month of 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 41.9 days.

Morgan Advanced Materials Stock Performance

OTCMKTS MCRUF opened at $2.70 on Thursday. The company’s 50-day simple moving average is $3.07 and its 200 day simple moving average is $3.45. Morgan Advanced Materials has a twelve month low of $2.70 and a twelve month high of $4.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.41.

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.