Magellan Financial Group Limited (OTCMKTS:MGLLF – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 281,299 shares, a growth of 103.9% from the June 30th total of 137,942 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Magellan Financial Group Stock Performance
MGLLF opened at C$6.74 on Friday. The stock has a fifty day moving average of C$6.46 and a 200-day moving average of C$6.42. Magellan Financial Group has a 12-month low of C$5.10 and a 12-month high of C$6.74.
About Magellan Financial Group
Magellan Financial Group Ltd is a global investment manager headquartered in Sydney, Australia. Founded in 2006 by Hamish Douglass and Chris Mackay, the firm offers a range of investment strategies focused on high-quality global equities and listed infrastructure assets. Magellan’s core business activities include the management of funds and mandates for retail, wholesale and institutional clients, with an emphasis on capital preservation and long-term value creation.
The company’s flagship products include its Global Fund, which targets established companies with sustainable competitive advantages, and its Infrastructure Fund, which invests in essential global infrastructure businesses such as utilities, transportation and toll roads.
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