Does MONADELPHOUS GROUP ORDINARY SHARES AUST (OTCMKTS:MDPHF) Have Gas After Even More Sellers Involved?

March 21, 2018 - By marketbeat

The stock of MONADELPHOUS GROUP ORDINARY SHARES AUST (OTCMKTS:MDPHF) registered an increase of 50% in short interest. MDPHF’s total short interest was 300 shares in March as published by FINRA. Its up 50% from 200 shares, reported previously. With 100 shares average volume, it will take short sellers 3 days to cover their MDPHF’s short positions.

It closed at $14.2 lastly. It is down 0.00% since March 21, 2017 and is . It has underperformed by 16.70% the S&P500.

Monadelphous Group Limited, an engineering group, provides construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors in Australia. The company has market cap of $1.15 billion. It operates through Engineering Construction; and Maintenance and Industrial Services divisions. It has a 25.72 P/E ratio. The firm offers large-scale multidisciplinary project management and construction services, including construction management and execution; civil and electrical construction packages; turnkey design and construction; structural steel, tankage, mechanical works, and process equipment and piping fabrication and installation; fabrication and procurement; modularization and off-site pre-assembly; plant commissioning; demolition and remediation works; and offshore construction of plant and infrastructure.

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