Magellan Aerospace Co. (OTCMKTS:MALJF) Short Interest Update

Magellan Aerospace Co. (OTCMKTS:MALJF) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 700 shares, a decrease of 81.6% from the November 30th total of 3,800 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 0.3 days.

Magellan Aerospace Stock Down 0.8 %

Shares of OTCMKTS MALJF traded down $0.06 during mid-day trading on Friday, reaching $6.60. The company had a trading volume of 125 shares, compared to its average volume of 2,049. The business’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $6.87. Magellan Aerospace has a one year low of $5.31 and a one year high of $7.90.

About Magellan Aerospace

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.