Short Interest in Austal Limited (OTCMKTS:AUTLF) Rises By 167.4%

Austal Limited (OTCMKTS:AUTLF) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 47,600 shares, an increase of 167.4% from the February 29th total of 17,800 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 9.7 days.

Austal Stock Performance

Shares of AUTLF stock opened at $1.36 on Thursday. The business’s fifty day moving average is $1.35 and its 200-day moving average is $1.26. Austal has a 1 year low of $1.02 and a 1 year high of $1.93.

About Austal

Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company offers passenger only ferries, vehicle passenger ferries, and offshore and windfarm vessels; and naval and other defense vessels, as well as patrol boats for government law enforcement and border protection agencies.