Magellan Financial Group Limited (OTCMKTS:MGLLF – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 33,171 shares, a drop of 83.2% from the April 30th total of 198,033 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Magellan Financial Group Price Performance
Shares of MGLLF remained flat at C$6.40 during mid-day trading on Friday. The firm has a 50-day moving average price of C$6.40 and a two-hundred day moving average price of C$6.40. Magellan Financial Group has a 12 month low of C$5.10 and a 12 month high of C$6.40.
Magellan Financial Group Company Profile
Magellan Financial Group Ltd is a global investment manager headquartered in Sydney, Australia. Founded in 2006 by Hamish Douglass and Chris Mackay, the firm offers a range of investment strategies focused on high-quality global equities and listed infrastructure assets. Magellan’s core business activities include the management of funds and mandates for retail, wholesale and institutional clients, with an emphasis on capital preservation and long-term value creation.
The company’s flagship products include its Global Fund, which targets established companies with sustainable competitive advantages, and its Infrastructure Fund, which invests in essential global infrastructure businesses such as utilities, transportation and toll roads.
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