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

Magellan Aerospace Co. (OTCMKTS:MALJF) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 700 shares, a drop of 81.6% from the November 30th total of 3,800 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 0.3 days.

Magellan Aerospace Price Performance

Shares of OTCMKTS:MALJF traded down $0.06 on Friday, hitting $6.60. The company had a trading volume of 125 shares, compared to its average volume of 2,049. The stock has a 50 day moving average price of $7.43 and a 200 day moving average price of $6.87. Magellan Aerospace has a 1-year low of $5.31 and a 1-year 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.