Austal Limited (OTCMKTS:AUTLF) Short Interest Update

Austal Limited (OTCMKTS:AUTLF) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 75,854 shares, a growth of 284.9% from the April 30th total of 19,708 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is presently 5.3 days.

Austal Trading Down 2.3%

AUTLF stock opened at $2.87 on Friday. The stock has a 50-day moving average price of $3.18 and a 200-day moving average price of $4.03. Austal has a 1-year low of $2.71 and a 1-year high of $6.35. The firm has a market cap of $1.21 billion and a PE ratio of 34.78.

Analyst Ratings Changes

Separately, Zacks Research raised Austal to a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Austal

Austal is a global shipbuilding and defense contractor specializing in the design, construction, and support of high-speed aluminum vessels. Headquartered in Henderson, Western Australia, the company delivers commercial ferries, patrol boats, and military transport ships to navies and ferry operators worldwide. Its focus on lightweight, fuel-efficient hull designs has made it a preferred partner for customers seeking rapid-transit and littoral operations capabilities.

Founded in 1988, Austal began as a commercial ferry builder and has since expanded into defense markets, securing major contracts with the U.S.