Short Interest in Austal Limited (OTCMKTS:AUTLF) Expands By 228.7%

Austal Limited (OTCMKTS:AUTLF – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 253,400 shares, a growth of 228.7% from the March 31st total of 77,100 shares. Based on an average daily trading volume, of 52,000 shares, the days-to-cover ratio is currently 4.9 days.

OTCMKTS:AUTLF opened at $1.47 on Friday. Austal has a 1-year low of $1.24 and a 1-year high of $1.92. The business’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $1.41.

About Austal (Get Rating)

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 designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval and other defense vessels; and patrol boats for government law enforcement and border protection agencies.

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