Melrose Industries PLC (OTCMKTS:MLSPF) Short Interest Update

Melrose Industries PLC (OTCMKTS:MLSPF) was the target of a large decline in short interest in 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 trading volume of 36,148 shares, the days-to-cover ratio is currently 50.1 days.

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating on shares of Melrose Industries in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Melrose Industries currently has a consensus rating of “Moderate Buy”.

Melrose Industries Price Performance

OTCMKTS:MLSPF opened at $6.74 on Monday. The firm’s 50-day moving average price is $8.09 and its 200-day moving average price is $8.16. Melrose Industries has a 1-year low of $4.56 and a 1-year high of $9.60.

Melrose Industries Company Profile

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.