Short Interest in Monadelphous Group Limited (OTCMKTS:MOPHY) Increases By 4,700.0%

Monadelphous Group Limited (OTCMKTS:MOPHY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 96 shares, an increase of 4,700.0% from the August 15th total of 2 shares. Based on an average trading volume of 2 shares, the days-to-cover ratio is presently 48.0 days.

Monadelphous Group Stock Performance

Shares of MOPHY remained flat at C$19.50 during mid-day trading on Thursday. Monadelphous Group has a 12-month low of C$17.16 and a 12-month high of C$19.50. The business has a 50 day moving average price of C$19.50 and a 200-day moving average price of C$17.69.

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.