Conrad Industries Inc. (OTCMKTS:CNRD) Sees Large Increase in Short Interest

Conrad Industries Inc. (OTCMKTS:CNRD) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 3,508 shares, an increase of 586.5% from the June 30th total of 511 shares. Based on an average daily volume of 14,030 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Conrad Industries Price Performance

OTCMKTS CNRD opened at $30.48 on Monday. Conrad Industries has a fifty-two week low of $18.20 and a fifty-two week high of $33.33. The stock has a market capitalization of $153.01 million, a PE ratio of 7.96 and a beta of 0.55. The business has a fifty day moving average price of $26.09 and a two-hundred day moving average price of $25.80.

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

About Conrad Industries

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.