Austal Limited (OTCMKTS:AUTLF) Short Interest Up 307.6% in June

Austal Limited (OTCMKTS:AUTLF) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 438,362 shares, a growth of 307.6% from the June 15th total of 107,545 shares. Based on an average daily trading volume, of 7,490 shares, the short-interest ratio is presently 58.5 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Austal to a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Austal Trading Down 4.9%

Shares of OTCMKTS:AUTLF opened at $2.62 on Tuesday. Austal has a 12 month low of $2.50 and a 12 month high of $6.35. The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of 34.78. The firm’s 50-day moving average is $2.93 and its 200 day moving average is $3.70.

Austal Company Profile

Austal is a global shipbuilding and defense contractor specializing in the design, construction, and support of high-speed aluminum vessels. Headquartered in Henderson, Western Australia, the company delivers commercial ferries, patrol boats, and military transport ships to navies and ferry operators worldwide. Its focus on lightweight, fuel-efficient hull designs has made it a preferred partner for customers seeking rapid-transit and littoral operations capabilities.

Founded in 1988, Austal began as a commercial ferry builder and has since expanded into defense markets, securing major contracts with the U.S.