Short Interest in Magellan Financial Group Limited (OTCMKTS:MGLLF) Rises By 308.1%

Magellan Financial Group Limited (OTCMKTS:MGLLF) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 135,369 shares, an increase of 308.1% from the May 31st total of 33,171 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ? days.

Magellan Financial Group Price Performance

Shares of MGLLF stock remained flat at C$6.40 during trading hours on Friday. Magellan Financial Group has a one year low of C$5.10 and a one year high of C$6.40. The company’s 50-day simple moving average is C$6.40 and its two-hundred day simple moving average is C$6.40.

Magellan Financial Group Company Profile

Magellan Financial Group Ltd is a global investment manager headquartered in Sydney, Australia. Founded in 2006 by Hamish Douglass and Chris Mackay, the firm offers a range of investment strategies focused on high-quality global equities and listed infrastructure assets. Magellan’s core business activities include the management of funds and mandates for retail, wholesale and institutional clients, with an emphasis on capital preservation and long-term value creation.

The company’s flagship products include its Global Fund, which targets established companies with sustainable competitive advantages, and its Infrastructure Fund, which invests in essential global infrastructure businesses such as utilities, transportation and toll roads.