Melrose Industries PLC (OTCMKTS:MLSPF) Short Interest Update

Melrose Industries PLC (OTCMKTS:MLSPF) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,811,745 shares, a decline of 18.8% from the February 26th total of 2,231,973 shares. Based on an average daily trading volume, of 36,148 shares, the short-interest ratio is presently 50.1 days.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “buy” rating on shares of Melrose Industries in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Melrose Industries currently has a consensus rating of “Moderate Buy”.

Melrose Industries Trading Up 1.4%

Shares of OTCMKTS MLSPF opened at $6.58 on Wednesday. Melrose Industries has a 1 year low of $4.56 and a 1 year high of $9.60. The company’s 50-day moving average is $8.00 and its 200 day moving average is $8.13.

About Melrose Industries

Melrose Industries plc is a London‐based industrial investment company specializing in the acquisition and performance improvement of manufacturing businesses. Since its founding in 2003 by Christopher Miller and David Roper, Melrose has focused on identifying underperforming assets in sectors such as aerospace, automotive and powder metallurgy, acquiring them with the aim of enhancing operational efficiency and driving long‐term value creation.

Melrose’s portfolio is anchored by three core divisions.