Magellan Financial Group Limited (OTCMKTS:MGLLF) Sees Large Decline in Short Interest

Magellan Financial Group Limited (OTCMKTS:MGLLF) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 13,300 shares, a decrease of 79.8% from the February 13th total of 65,700 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Magellan Financial Group Price Performance

Magellan Financial Group stock remained flat at C$6.40 during mid-day trading on Thursday. Magellan Financial Group has a 52 week low of C$5.10 and a 52 week high of C$6.40. The company’s fifty day simple moving average is C$6.40 and its two-hundred day simple moving average is C$6.40.

About Magellan Financial Group

Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.