Melrose Industries PLC (OTCMKTS:MLSPF) Sees Significant Decrease in Short Interest

Melrose Industries PLC (OTCMKTS:MLSPF) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,621,000 shares, a decline of 18.2% from the September 30th total of 3,205,500 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 252.0 days.

Melrose Industries Price Performance

MLSPF stock traded up $0.04 during mid-day trading on Wednesday, reaching $5.82. 6,600 shares of the stock traded hands, compared to its average volume of 17,643. Melrose Industries has a 52-week low of $5.27 and a 52-week high of $8.74. The stock’s fifty day moving average is $6.06 and its 200-day moving average is $6.94.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.