Magellan Aerospace Co. (OTCMKTS:MALJF) Short Interest Up 38.5% in February

Magellan Aerospace Co. (OTCMKTS:MALJF) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,600 shares, an increase of 38.5% from the January 31st total of 2,600 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is presently 0.8 days.

Magellan Aerospace Stock Down 0.6 %

Magellan Aerospace stock traded down $0.04 during midday trading on Monday, hitting $6.91. 920 shares of the company’s stock were exchanged, compared to its average volume of 1,638. Magellan Aerospace has a 12 month low of $5.48 and a 12 month high of $7.90. The firm has a 50-day moving average of $6.89 and a two-hundred day moving average of $7.11.

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.