Short Interest in Melrose Industries PLC (OTCMKTS:MLSPF) Increases By 17.9%

Melrose Industries PLC (OTCMKTS:MLSPF) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,509,600 shares, a growth of 17.9% from the November 15th total of 2,977,500 shares. Based on an average trading volume of 15,200 shares, the short-interest ratio is currently 230.9 days.

Melrose Industries Stock Performance

MLSPF traded down $0.50 during midday trading on Monday, hitting $6.69. 10,576 shares of the company traded hands, compared to its average volume of 14,797. The business has a 50 day simple moving average of $6.51 and a two-hundred day simple moving average of $6.74. Melrose Industries has a 52-week low of $5.27 and a 52-week high of $8.74.

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.