Superconductor Technologies, Inc. (NASDAQ:SCON) Short Interest Down 8.4% in July

Superconductor Technologies, Inc. (NASDAQ:SCON) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 214,500 shares, a decrease of 8.4% from the June 30th total of 234,100 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average trading volume of 76,000 shares, the short-interest ratio is currently 2.8 days.

SCON has been the topic of a number of recent analyst reports. ValuEngine raised Superconductor Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of Superconductor Technologies in a report on Wednesday. Finally, Zacks Investment Research lowered Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd.

SCON stock traded down $0.12 on Friday, reaching $0.67. 96,710 shares of the company’s stock were exchanged, compared to its average volume of 135,580. The stock has a fifty day moving average of $0.89 and a 200-day moving average of $1.25. Superconductor Technologies has a twelve month low of $0.67 and a twelve month high of $2.64. The firm has a market cap of $4.35 million, a PE ratio of -0.17 and a beta of 1.02.

Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.57) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.67) by $0.10. On average, equities research analysts forecast that Superconductor Technologies will post -1.94 EPS for the current fiscal year.

Superconductor Technologies Company Profile

Superconductor Technologies Inc, together with its subsidiaries, develops, produces, and commercializes high temperature superconductor materials and related technologies in the United States. It is involved in developing Conductus superconducting wire for power applications. The company was founded in 1987 and is headquartered in Austin, Texas.

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