Melrose Industries PLC (OTCMKTS:MLSPF) Short Interest Up 17.9% in November

Melrose Industries PLC (OTCMKTS:MLSPF) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 3,509,600 shares, a growth of 17.9% from the November 15th total of 2,977,500 shares. Based on an average daily volume of 15,200 shares, the short-interest ratio is currently 230.9 days.

Melrose Industries Price Performance

Shares of OTCMKTS:MLSPF traded down $0.50 during midday trading on Monday, hitting $6.69. 10,576 shares of the stock were exchanged, compared to its average volume of 14,797. Melrose Industries has a 52-week low of $5.27 and a 52-week high of $8.74. The business’s fifty day simple moving average is $6.53 and its two-hundred day simple moving average is $6.73.

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.