Short Interest in Magellan Aerospace Co. (OTCMKTS:MALJF) Declines By 90.9%

Magellan Aerospace Co. (OTCMKTS:MALJF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decline of 90.9% from the September 30th total of 1,100 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.0 days.

Magellan Aerospace Price Performance

OTCMKTS MALJF remained flat at $7.39 during trading hours on Friday. The business’s 50 day simple moving average is $7.02 and its 200 day simple moving average is $6.38. Magellan Aerospace has a 1-year low of $5.17 and a 1-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.