Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,800 shares, a drop of 50.0% from the February 13th total of 3,600 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.8 days.
Magellan Aerospace Stock Up 9.5 %
MALJF stock traded up $0.64 during midday trading on Friday, reaching $7.41. 3,700 shares of the company were exchanged, compared to its average volume of 1,685. Magellan Aerospace has a 1-year low of $5.48 and a 1-year high of $7.90. The stock’s 50-day simple moving average is $6.92 and its 200 day simple moving average is $7.12.
About Magellan Aerospace
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