Austal Limited (OTCMKTS:AUTLF) Short Interest Update

Austal Limited (OTCMKTS:AUTLF) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 19,708 shares, a decline of 58.7% from the April 15th total of 47,731 shares. Based on an average daily volume of 33,005 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Austal Stock Performance

OTCMKTS:AUTLF opened at $2.93 on Friday. Austal has a 52-week low of $2.80 and a 52-week high of $6.35. The firm has a market cap of $1.23 billion and a price-to-earnings ratio of 34.78. The business’s fifty day moving average is $3.34 and its 200 day moving average is $4.14.

Analyst Ratings Changes

Separately, Zacks Research upgraded Austal to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Austal

Austal is a global shipbuilding and defense contractor specializing in the design, construction, and support of high-speed aluminum vessels. Headquartered in Henderson, Western Australia, the company delivers commercial ferries, patrol boats, and military transport ships to navies and ferry operators worldwide. Its focus on lightweight, fuel-efficient hull designs has made it a preferred partner for customers seeking rapid-transit and littoral operations capabilities.

Founded in 1988, Austal began as a commercial ferry builder and has since expanded into defense markets, securing major contracts with the U.S.