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

Conrad Industries Inc. (OTCMKTS:CNRD) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 16 shares, a drop of 84.2% from the August 31st total of 101 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,693 shares, the days-to-cover ratio is presently 0.0 days.

Conrad Industries Price Performance

OTCMKTS:CNRD remained flat at $29.11 during mid-day trading on Friday. 1,348 shares of the company traded hands, compared to its average volume of 802. Conrad Industries has a 52-week low of $22.80 and a 52-week high of $33.33. The firm’s fifty day simple moving average is $29.61 and its 200-day simple moving average is $26.80. The company has a market capitalization of $146.07 million, a P/E ratio of 8.77 and a beta of 0.53.

Conrad Industries (OTCMKTS:CNRD) last issued its earnings results on Friday, August 14th. The company reported $0.65 EPS for the quarter. Conrad Industries had a net margin of 5.68% and a return on equity of 16.27%.

Conrad Industries Company Profile

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company that designs, constructs, repairs and overhauls vessels for commercial and government customers. Its work serves marine transportation, energy, towing, dredging, offshore support and other specialized maritime markets.

The company builds a range of vessels, including tugboats, barges, liftboats, ferries, offshore service vessels and other custom-designed marine craft. Conrad also provides vessel repair, conversion, maintenance and refurbishment services, helping customers extend the operating lives of their fleets and adapt vessels for new applications.

Conrad Industries operates shipbuilding facilities in Louisiana, including locations in Morgan City and Amelia.