Conrad Industries Inc. (OTCMKTS:CNRD) Short Interest Down 83.3% in October

Conrad Industries Inc. (OTCMKTS:CNRD) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 500 shares, a decline of 83.3% from the September 30th total of 3,000 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.1 days.

Conrad Industries Stock Down 2.1%

CNRD stock opened at $26.90 on Wednesday. Conrad Industries has a 52-week low of $10.00 and a 52-week high of $29.78. The company’s 50 day simple moving average is $24.55 and its 200-day simple moving average is $19.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.78. The firm has a market capitalization of $135.04 million, a P/E ratio of 7.87 and a beta of 0.50.

Conrad Industries (OTCMKTS:CNRD) last released its quarterly earnings results on Thursday, August 14th. The company reported $1.16 earnings per share (EPS) for the quarter. Conrad Industries had a net margin of 5.30% and a return on equity of 20.25%. The business had revenue of $91.48 million for the quarter.

Conrad Industries Company Profile

Conrad Industries, Inc engages in the construction, conversion, and repair of various steel and aluminum marine vessels in the United States. The company builds harbor tugs; specialty barges, such as crane, deck, ABS class, dry bulk cargo, aggregate, and well stim barges; inland tank, LPG inland tank, LPG pressure, LPG tank, and DS tank barges; and offshore support vessels, including liftboats, crew boats, offshore supply vessels, and offshore tugs, as well as other support equipment, such as deck and crane barges.