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

Magellan Aerospace Co. (OTCMKTS:MALJF) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,700 shares, a decline of 30.8% from the August 15th total of 3,900 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is currently 1.2 days.

Magellan Aerospace Price Performance

OTCMKTS MALJF traded up $0.06 during mid-day trading on Monday, reaching $6.89. The stock had a trading volume of 1,000 shares, compared to its average volume of 2,138. Magellan Aerospace has a 1 year low of $5.03 and a 1 year high of $7.20. The company has a fifty day moving average price of $6.55 and a 200 day moving average price of $6.15.

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.