Superconductor Technologies Inc (NASDAQ:SCON) Stock Is Shorted Less

July 12, 2018 - By Kristen Paramore

The stock of Superconductor Technologies Inc (NASDAQ:SCON) registered a decrease of 4.86% in short interest. SCON’s total short interest was 818,200 shares in July as published by FINRA. Its down 4.86% from 860,000 shares, reported previously. With 71,000 shares average volume, it will take short sellers 12 days to cover their SCON’s short positions. The short interest to Superconductor Technologies Inc’s float is 8.56%.

The stock increased 1.12% or $0.01 during the last trading session, reaching $0.9. About 145,542 shares traded or 28.79% up from the average. Superconductor Technologies Inc. (NASDAQ:SCON) has declined 49.73% since July 12, 2017 and is downtrending. It has underperformed by 62.30% the S&P500.

Superconductor Technologies Inc. develops and commercializes high temperature superconductor materials and related technologies in the United States. The company has market cap of $11.05 million. It is involved in developing Conductus wire products for superconducting high power transmission cable, superconducting fault current limiters, and high field magnet applications. It currently has negative earnings.

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