SCI Engineered Materials, Inc. (OTCMKTS:SCIA) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

SCI Engineered Materials, Inc. (OTCMKTS:SCIA – Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 100 shares, a drop of 50.0% from the March 15th total of 200 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

SCI Engineered Materials Stock Performance

SCI Engineered Materials stock traded up $0.05 during mid-day trading on Friday, reaching $4.35. The company’s stock had a trading volume of 4,600 shares, compared to its average volume of 2,836. SCI Engineered Materials has a 12 month low of $4.27 and a 12 month high of $6.69. The business’s 50 day simple moving average is $4.51 and its 200 day simple moving average is $4.77. The company has a market capitalization of $19.87 million, a price-to-earnings ratio of 10.61 and a beta of 0.78.

SCI Engineered Materials (OTCMKTS:SCIA – Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.09 earnings per share for the quarter. SCI Engineered Materials had a return on equity of 15.20% and a net margin of 8.14%. The company had revenue of $5.05 million during the quarter.

About SCI Engineered Materials

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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.

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