Conrad Industries Inc. (OTCMKTS:CNRD) Shares Shorted: Short Interest Up 1,515.4% in October

Conrad Industries Inc. (OTCMKTS:CNRD) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 210 shares, a growth of 1,515.4% from the September 30th total of 13 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,176 shares, the days-to-cover ratio is presently 0.1 days.

Conrad Industries Stock Performance

Conrad Industries stock remained flat at $28.30 during mid-day trading on Monday. 490 shares of the company’s stock traded hands, compared to its average volume of 1,783. Conrad Industries has a one year low of $22.80 and a one year high of $33.33. The business has a 50-day moving average of $29.10 and a two-hundred day moving average of $27.32. The stock has a market cap of $142.07 million, a PE ratio of 8.52 and a beta of 0.54.

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

About Conrad Industries

Conrad Industries, Inc is a shipbuilding and marine repair company headquartered in Morgan City, Louisiana. Founded in 1948, the company designs, constructs, repairs and converts vessels for commercial, military and government customers.

Its projects have included tugboats, towboats, ferries, offshore support vessels, dredges, barges and other specialized marine equipment. Conrad works with both steel and aluminum construction and provides services such as vessel maintenance, refurbishment, conversion and repair.

The company operates shipyards along the U.S.