Melrose Industries PLC (OTCMKTS:MLSPF) Short Interest Up 17.9% in November

Melrose Industries PLC (OTCMKTS:MLSPF) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 3,509,600 shares, an increase of 17.9% from the November 15th total of 2,977,500 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is presently 230.9 days.

Melrose Industries Trading Down 3.2 %

Shares of MLSPF traded down $0.23 on Monday, reaching $7.19. The stock had a trading volume of 3,085 shares, compared to its average volume of 14,834. The company has a 50-day simple moving average of $6.51 and a 200-day simple moving average of $6.74. Melrose Industries has a 12-month low of $5.27 and a 12-month high of $8.74.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.