Short Interest in Austal Limited (OTCMKTS:AUTLF) Drops By 72.2%

Austal Limited (OTCMKTS:AUTLF) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,000 shares, a drop of 72.2% from the January 15th total of 7,200 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.3 days.

Austal Price Performance

OTCMKTS AUTLF traded up $0.13 during trading on Friday, reaching $2.43. The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 5,185. The business has a 50-day moving average price of $2.08 and a 200-day moving average price of $1.94. Austal has a 1-year low of $1.23 and a 1-year high of $2.79.

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.