Melrose Industries PLC (OTCMKTS:MLSPF) Sees Large Decline in Short Interest

Melrose Industries PLC (OTCMKTS:MLSPF) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 2,621,000 shares, a drop of 18.2% from the September 30th total of 3,205,500 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 252.0 days.

Melrose Industries Trading Down 3.3 %

Shares of MLSPF opened at $5.85 on Monday. Melrose Industries has a 52-week low of $5.27 and a 52-week high of $8.74. The business’s fifty day moving average is $6.08 and its 200-day moving average is $6.98.

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.