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

Conrad Industries Inc. (OTCMKTS:CNRD) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 511 shares, an increase of ∞ from the June 15th total of 0 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,987 shares, the days-to-cover ratio is currently 0.1 days.

Conrad Industries Trading Up 2.0%

Shares of OTCMKTS CNRD opened at $28.49 on Friday. Conrad Industries has a 1-year low of $18.20 and a 1-year high of $33.33. The company has a market cap of $143.01 million, a PE ratio of 7.44 and a beta of 0.55. The company has a 50-day moving average of $25.64 and a two-hundred day moving average of $25.68.

Conrad Industries (OTCMKTS:CNRD) last announced its earnings results on Friday, May 15th. The company reported $0.64 earnings per share (EPS) for the quarter. Conrad Industries had a net margin of 6.07% and a return on equity of 19.54%. The company had revenue of $69.35 million for the quarter.

About Conrad Industries

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.

Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.