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

Magellan Aerospace Co. (OTCMKTS:MALJF) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,100 shares, a decrease of 38.9% from the September 15th total of 1,800 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 1.2 days.

Magellan Aerospace Stock Performance

OTCMKTS:MALJF traded up $0.14 during trading hours on Friday, reaching $7.59. The company had a trading volume of 2,400 shares, compared to its average volume of 2,099. The stock has a 50-day moving average of $6.83 and a two-hundred day moving average of $6.27. Magellan Aerospace has a one year low of $5.17 and a one year high of $7.62.

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.