Austal Limited (OTCMKTS:AUTLF) Sees Significant Growth in Short Interest

Austal Limited (OTCMKTS:AUTLF) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 33,700 shares, a growth of 452.5% from the September 30th total of 6,100 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is currently 2.9 days.

Austal Trading Up 3.3%

Shares of Austal stock opened at $4.75 on Tuesday. The firm’s 50-day simple moving average is $4.95 and its 200-day simple moving average is $4.16. Austal has a twelve month low of $1.80 and a twelve month high of $6.04.

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 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.