Short Interest in Austal Limited (OTCMKTS:AUTLF) Increases By 307.6%

Austal Limited (OTCMKTS:AUTLF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 438,362 shares, an increase of 307.6% from the June 15th total of 107,545 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,490 shares, the short-interest ratio is currently 58.5 days.

Analysts Set New Price Targets

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

Austal Stock Performance

OTCMKTS AUTLF opened at $2.76 on Monday. Austal has a one year low of $2.65 and a one year high of $6.35. The company has a market capitalization of $1.16 billion and a price-to-earnings ratio of 34.78. The company’s 50-day simple moving average is $2.94 and its two-hundred day simple moving average is $3.72.

Austal Company Profile

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.