Melrose Industries PLC (OTCMKTS:MLSPF) Short Interest Update

Melrose Industries PLC (OTCMKTS:MLSPF) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 2,724,000 shares, a decrease of 30.7% from the February 28th total of 3,930,600 shares. Based on an average daily volume of 374,800 shares, the short-interest ratio is currently 7.3 days.

Melrose Industries Stock Up 2.7 %

OTCMKTS:MLSPF traded up $0.18 during trading hours on Friday, hitting $6.82. 4,771 shares of the company were exchanged, compared to its average volume of 38,181. Melrose Industries has a 52-week low of $5.27 and a 52-week high of $9.00. The company’s 50 day moving average price is $7.51 and its 200-day moving average price is $6.89.

Melrose Industries Company Profile

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.