Melrose Industries PLC (OTCMKTS:MLSPF) Sees Significant Drop in Short Interest

Melrose Industries PLC (OTCMKTS:MLSPF) was the recipient 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 days-to-cover ratio is currently 7.3 days.

Melrose Industries Price Performance

Shares of MLSPF stock traded up $0.18 during mid-day trading on Friday, hitting $6.82. The stock had a trading volume of 4,771 shares, compared to its average volume of 38,181. Melrose Industries has a 12-month low of $5.27 and a 12-month high of $9.00. The firm’s 50-day moving average is $7.51 and its two-hundred day moving average is $6.89.

About Melrose Industries

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.