Austal Limited (OTCMKTS:AUTLF) Short Interest Down 33.0% in August

Austal Limited (OTCMKTS:AUTLF) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 529,930 shares, a decline of 33.0% from the August 15th total of 791,012 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 21,969 shares, the days-to-cover ratio is currently 24.1 days.

Austal Price Performance

OTCMKTS:AUTLF opened at $3.20 on Friday. Austal has a twelve month low of $2.40 and a twelve month high of $6.35. The company’s 50 day moving average is $2.85 and its two-hundred day moving average is $3.05.

Austal Company Profile

Austal Limited is an Australian shipbuilder that designs, manufactures and supports high-speed aluminum vessels and other specialized marine platforms. Its products include passenger and vehicle ferries, patrol boats, offshore vessels and naval ships for commercial, government and defense customers.

The company is also active in the construction of steel ships through its United States operations. Austal USA has built vessels for the U.S. Navy and other government agencies, including littoral combat ships and expeditionary fast transport vessels, while Austal’s broader portfolio includes autonomous and remotely operated maritime systems.

Founded in Western Australia in 1988, Austal serves customers internationally through shipbuilding, maintenance and support facilities in Australia, the United States and other locations in the Asia-Pacific region.