Monadelphous Group Limited (OTCMKTS:MOPHY) Stock Short Interest Falls 87.5%

Monadelphous Group Limited (OTCMKTS:MOPHY – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 12 shares, a decline of 87.5% from the August 31st total of 96 shares. Based on an average daily trading volume, of 17 shares, the short-interest ratio is currently 0.7 days.

Monadelphous Group Price Performance

Shares of OTCMKTS:MOPHY remained flat at C$19.50 during trading on Friday. The firm has a 50-day moving average price of C$19.50 and a 200 day moving average price of C$18.50. Monadelphous Group has a 12 month low of C$17.16 and a 12 month high of C$19.50.

About Monadelphous Group

(Get Free Report)

Monadelphous Group is an Australian-based engineering and construction firm specializing in maintenance, fabrication and industrial services for the resources, energy and infrastructure sectors. Founded in 1972 in Perth, the company has built a reputation for delivering heavy-engineering solutions, including structural steelwork, piping fabrication and on-site commissioning. Its core capabilities encompass mechanical maintenance, shutdown services and project delivery for upstream oil and gas facilities, mining operations and power generation plants.

The company’s service offering extends from front-end engineering design through to detailed fabrication, installation and long-term asset support.

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