Monadelphous Group Limited (OTCMKTS:MOPHY) Short Interest Down 50.0% in March

Monadelphous Group Limited (OTCMKTS:MOPHY) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 1 shares, a drop of 50.0% from the March 15th total of 2 shares. Based on an average daily trading volume, of 59 shares, the short-interest ratio is currently 0.0 days.

Monadelphous Group Price Performance

OTCMKTS MOPHY opened at C$19.50 on Friday. The company has a fifty day simple moving average of C$11.50 and a two-hundred day simple moving average of C$10.02. Monadelphous Group has a 12-month low of C$17.16 and a 12-month high of C$19.50.

About Monadelphous Group

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.