Austal Limited (OTCMKTS:AUTLF) Short Interest Up 39.7% in August

Austal Limited (OTCMKTS:AUTLF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 21,100 shares, a growth of 39.7% from the August 15th total of 15,100 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 4.8 days.

Austal Stock Performance

Austal stock traded up $0.15 during mid-day trading on Friday, reaching $1.62. 450 shares of the company’s stock were exchanged, compared to its average volume of 6,220. Austal has a one year low of $1.02 and a one year high of $1.84. The business’s fifty day simple moving average is $1.62 and its 200 day simple moving average is $1.56.

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.