Magellan Aerospace Co. (OTCMKTS:MALJF) Short Interest Down 33.3% in March

Magellan Aerospace Co. (OTCMKTS:MALJF) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,200 shares, a drop of 33.3% from the February 28th total of 1,800 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 0.3 days.

Magellan Aerospace Price Performance

Shares of OTCMKTS MALJF traded up $0.03 during midday trading on Friday, hitting $9.00. 1,986 shares of the company traded hands, compared to its average volume of 2,064. Magellan Aerospace has a 12-month low of $5.48 and a 12-month high of $9.51. The stock has a 50-day moving average price of $7.20 and a 200 day moving average price of $7.24.

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.