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

Austal Limited (OTCMKTS:AUTLF) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 7,100 shares, an increase of 255.0% from the January 31st total of 2,000 shares. Based on an average trading volume of 9,400 shares, the days-to-cover ratio is presently 0.8 days.

Austal Stock Performance

Shares of Austal stock traded up $0.01 during midday trading on Friday, hitting $2.56. The company had a trading volume of 300 shares, compared to its average volume of 4,704. The company has a fifty day simple moving average of $2.18 and a 200 day simple moving average of $2.00. Austal has a 12-month low of $1.27 and a 12-month high of $2.79.

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.