Short Interest in Austal Limited (OTCMKTS:AUTLF) Drops By 96.9%

Austal Limited (OTCMKTS:AUTLFGet Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 4,300 shares, a drop of 96.9% from the August 15th total of 136,700 shares. Based on an average trading volume of 17,800 shares, the short-interest ratio is presently 0.2 days.

Austal Price Performance

Shares of OTCMKTS AUTLF opened at $1.23 on Friday. Austal has a 1-year low of $1.05 and a 1-year high of $1.93. The stock’s 50-day moving average is $1.48 and its 200 day moving average is $1.35.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised Austal from a “neutral” rating to an “overweight” rating in a report on Friday, May 19th.

Check Out Our Latest Analysis on AUTLF

Austal Company Profile

(Get Free Report)

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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