Magellan Aerospace Co. (OTCMKTS:MALJF) Short Interest Down 33.3% in March

Magellan Aerospace Co. (OTCMKTS:MALJF) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,200 shares, a drop of 33.3% from the February 28th total of 1,800 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.3 days.

Magellan Aerospace Stock Up 0.3 %

OTCMKTS MALJF traded up $0.03 during trading hours on Friday, reaching $9.00. The company’s stock had a trading volume of 1,986 shares, compared to its average volume of 2,064. The firm has a fifty day simple moving average of $7.20 and a 200-day simple moving average of $7.24. Magellan Aerospace has a 52 week low of $5.48 and a 52 week high of $9.51.

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.