Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 2,700 shares, a drop of 30.8% from the August 15th total of 3,900 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 1.2 days.
Magellan Aerospace Stock Performance
OTCMKTS MALJF remained flat at $6.87 on Monday. The company’s stock had a trading volume of 10 shares, compared to its average volume of 2,138. Magellan Aerospace has a 1-year low of $5.03 and a 1-year high of $7.20. The firm’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.15.
Magellan Aerospace Company Profile
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