Short Interest in Conrad Industries Inc. (OTCMKTS:CNRD) Drops By 87.1%

Conrad Industries Inc. (OTCMKTS:CNRD) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 84 shares, a drop of 87.1% from the May 14th total of 653 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,898 shares, the short-interest ratio is currently 0.0 days.

Conrad Industries Stock Down 0.5%

OTCMKTS CNRD opened at $25.07 on Wednesday. The firm’s 50 day moving average is $24.96 and its 200-day moving average is $25.69. Conrad Industries has a 12-month low of $15.20 and a 12-month high of $33.33. The company has a market capitalization of $125.83 million, a PE ratio of 6.54 and a beta of 0.56.

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

Conrad Industries Company Profile

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.