Magellan Aerospace Co. (OTCMKTS:MALJF) Sees Large Increase in Short Interest

Magellan Aerospace Co. (OTCMKTS:MALJF) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,600 shares, an increase of 38.5% from the January 31st total of 2,600 shares. Based on an average trading volume of 4,300 shares, the short-interest ratio is presently 0.8 days.

Magellan Aerospace Stock Performance

OTCMKTS MALJF traded down $0.06 during mid-day trading on Tuesday, hitting $6.85. The stock had a trading volume of 163 shares, compared to its average volume of 1,593. The company has a 50 day simple moving average of $6.90 and a 200 day simple moving average of $7.11. Magellan Aerospace has a 52-week low of $5.48 and a 52-week 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.