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

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

Magellan Aerospace Stock Performance

Shares of MALJF stock traded down $0.03 on Thursday, reaching $6.65. 1,250 shares of the stock were exchanged, compared to its average volume of 2,062. Magellan Aerospace has a twelve month low of $5.31 and a twelve month high of $7.90. The business’s 50 day moving average price is $7.46 and its 200 day moving average price is $6.87.

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.