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

Magellan Aerospace Co. (OTCMKTS:MALJF) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 3,600 shares, a growth 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 currently 0.8 days.

Magellan Aerospace Stock Down 0.9 %

MALJF traded down $0.06 on Wednesday, hitting $6.85. 163 shares of the company’s stock traded hands, compared to its average volume of 1,593. The company’s 50 day simple moving average is $6.91 and its 200-day simple moving average is $7.12. Magellan Aerospace has a one year low of $5.48 and a one year high of $7.90.

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.