Austal Limited (OTCMKTS:AUTLF) Sees Large Increase in Short Interest

Austal Limited (OTCMKTS:AUTLF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 12,700 shares, an increase of 370.4% from the June 15th total of 2,700 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is currently 4.7 days.

Austal Stock Performance

Shares of Austal stock remained flat at $1.69 during mid-day trading on Friday. The company has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $1.47. Austal has a one year low of $1.02 and a one year high of $1.93.

About Austal

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.