Melrose Industries PLC (OTCMKTS:MLSPF) Short Interest Update

Melrose Industries PLC (OTCMKTS:MLSPF) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,724,000 shares, a decline of 30.7% from the February 28th total of 3,930,600 shares. Based on an average daily volume of 374,800 shares, the short-interest ratio is presently 7.3 days.

Melrose Industries Stock Down 6.5 %

Melrose Industries stock traded down $0.43 during trading hours on Tuesday, reaching $6.17. 3,975 shares of the stock were exchanged, compared to its average volume of 37,583. The firm’s 50 day moving average is $7.50 and its 200 day moving average is $6.90. Melrose Industries has a 52-week low of $5.27 and a 52-week high of $9.00.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.