Austal Limited (OTCMKTS:AUTLF) Sees Large Drop in Short Interest

Austal Limited (OTCMKTS:AUTLF) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 71,300 shares, a drop of 52.3% from the March 31st total of 149,400 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 9.1 days.

Austal Trading Down 4.0 %

Shares of OTCMKTS:AUTLF traded down $0.13 during midday trading on Monday, hitting $3.12. The company’s stock had a trading volume of 930 shares, compared to its average volume of 5,857. The stock’s 50 day simple moving average is $2.74 and its 200 day simple moving average is $2.32. Austal has a fifty-two week low of $1.39 and a fifty-two week high of $3.40.

Austal Company Profile

Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company offers passenger only ferries, vehicle passenger ferries, and offshore and windfarm vessels; and naval and other defense vessels, as well as patrol boats for government law enforcement and border protection agencies.