Magellan Financial Group Limited (OTCMKTS:MGLLF – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 135,369 shares, an increase of 308.1% from the May 31st total of 33,171 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Magellan Financial Group Stock Performance
Shares of Magellan Financial Group stock remained flat at C$6.40 during trading hours on Friday. The business’s 50-day simple moving average is C$6.40 and its 200 day simple moving average is C$6.40. Magellan Financial Group has a fifty-two week low of C$5.10 and a fifty-two week high of C$6.40.
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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