Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 50.0% from the February 13th total of 3,600 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 0.8 days.
Magellan Aerospace Price Performance
Shares of Magellan Aerospace stock traded up $0.64 during trading hours on Friday, hitting $7.41. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 1,685. The business has a 50 day moving average price of $6.92 and a two-hundred day moving average price of $7.12. Magellan Aerospace has a 12-month low of $5.48 and a 12-month high of $7.90.
Magellan Aerospace Company Profile
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