Magellan Aerospace Co. (OTCMKTS:MALJF) Sees Significant Decline in Short Interest

Magellan Aerospace Co. (OTCMKTS:MALJF) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 90.9% from the September 30th total of 1,100 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 0.0 days.

Magellan Aerospace Stock Performance

Shares of OTCMKTS:MALJF remained flat at $7.39 during trading on Friday. The stock has a 50-day simple moving average of $7.02 and a 200 day simple moving average of $6.38. Magellan Aerospace has a 12 month low of $5.17 and a 12 month high of $7.90.

Magellan Aerospace Company Profile

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.