Conrad Industries Inc. (OTCMKTS:CNRD) Sees Significant Decline in Short Interest

Conrad Industries Inc. (OTCMKTS:CNRD) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 16 shares, a decrease of 84.2% from the August 31st total of 101 shares. Based on an average daily volume of 1,693 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Conrad Industries Trading Up 0.8%

CNRD stock traded up $0.24 during mid-day trading on Friday, hitting $29.35. The stock had a trading volume of 1,704 shares, compared to its average volume of 1,081. Conrad Industries has a 52 week low of $22.80 and a 52 week high of $33.33. The firm has a market capitalization of $147.34 million, a P/E ratio of 8.84 and a beta of 0.53. The firm has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $26.82.

Conrad Industries (OTCMKTS:CNRD) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.65 earnings per share for the quarter. Conrad Industries had a net margin of 5.68% and a return on equity of 16.27%.

Conrad Industries Company Profile

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company that designs, constructs, repairs and overhauls vessels for commercial and government customers. Its work serves marine transportation, energy, towing, dredging, offshore support and other specialized maritime markets.

The company builds a range of vessels, including tugboats, barges, liftboats, ferries, offshore service vessels and other custom-designed marine craft. Conrad also provides vessel repair, conversion, maintenance and refurbishment services, helping customers extend the operating lives of their fleets and adapt vessels for new applications.

Conrad Industries operates shipbuilding facilities in Louisiana, including locations in Morgan City and Amelia.