Short Interest in Magellan Aerospace Co. (OTCMKTS:MALJF) Expands By 71.4%

Magellan Aerospace Co. (OTCMKTS:MALJF) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,200 shares, a growth of 71.4% from the December 15th total of 700 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 0.2 days.

Magellan Aerospace Stock Performance

MALJF stock traded down $0.01 on Wednesday, reaching $7.03. The company’s stock had a trading volume of 900 shares, compared to its average volume of 820. The firm has a fifty day moving average of $7.34 and a two-hundred day moving average of $6.98. Magellan Aerospace has a 52 week low of $5.31 and a 52 week high of $7.90.

About Magellan Aerospace

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.