Magellan Aerospace Co. (OTCMKTS:MALJF) Short Interest Update

Magellan Aerospace Co. (OTCMKTS:MALJF – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 300 shares, an increase of 200.0% from the April 30th total of 100 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.2 days.

Magellan Aerospace Price Performance

Shares of Magellan Aerospace stock remained flat at $5.66 during trading hours on Thursday. Magellan Aerospace has a 1-year low of $5.03 and a 1-year high of $7.00. The firm has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $5.91.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Magellan Aerospace from a “hold” rating to a “buy” rating in a research report on Monday, May 8th.

Magellan Aerospace Company Profile

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Magellan Aerospace Corp. engages in the provision of complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies. Its products include aero engines, aero structures, wire strike protection system, rockets, space, sand castings, power generation, and supporting materials.