Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,800 shares, a drop of 33.3% from the August 31st total of 2,700 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 2.3 days.
Magellan Aerospace Stock Performance
Magellan Aerospace stock traded down $0.24 during mid-day trading on Friday, hitting $6.80. 2,670 shares of the company’s stock were exchanged, compared to its average volume of 2,072. The company’s 50 day simple moving average is $6.72 and its 200-day simple moving average is $6.20. Magellan Aerospace has a fifty-two week low of $5.03 and a fifty-two week high of $7.20.
Magellan Aerospace Company Profile
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