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

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

Melrose Industries Trading Down 6.5 %

Melrose Industries stock traded down $0.43 during midday trading on Tuesday, reaching $6.17. 3,975 shares of the company were exchanged, compared to its average volume of 37,583. The firm’s 50-day simple moving average is $7.50 and its 200-day simple moving average is $6.90. Melrose Industries has a 1 year low of $5.27 and a 1 year high of $9.00.

About Melrose Industries

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.