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

SCI Engineered Materials, Inc. (OTCMKTS:SCIA) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a decline of 50.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 0.0 days.

SCI Engineered Materials Price Performance

OTCMKTS SCIA traded down $0.03 during trading hours on Friday, reaching $4.48. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 3,221. The firm has a market capitalization of $20.46 million, a price-to-earnings ratio of 10.93 and a beta of 0.92. SCI Engineered Materials has a 1-year low of $4.36 and a 1-year high of $6.69. The company’s 50-day moving average is $4.82 and its two-hundred day moving average is $4.95.

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

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.