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

Austal Limited (OTCMKTS:AUTLF) 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.

Austal Company Profile

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.