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

Conrad Industries Inc. (OTCMKTS:CNRD) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 47 shares, a decline of 98.7% from the July 15th total of 3,508 shares. Based on an average daily trading volume, of 9,755 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Conrad Industries Price Performance

Shares of CNRD traded up $0.60 during mid-day trading on Tuesday, reaching $30.00. 1,805 shares of the company’s stock traded hands, compared to its average volume of 4,744. The stock’s 50-day moving average is $27.29 and its two-hundred day moving average is $26.09. Conrad Industries has a 12 month low of $19.00 and a 12 month high of $33.33. The stock has a market cap of $150.60 million, a P/E ratio of 7.83 and a beta of 0.53.

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