Austal Limited (OTCMKTS:AUTLF) Short Interest Update
by Teresa Graham · The Cerbat GemAustal Limited (OTCMKTS:AUTLF – Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 19,708 shares, a decrease of 58.7% from the April 15th total of 47,731 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 33,005 shares, the days-to-cover ratio is presently 0.6 days.
Austal Stock Down 5.2%
Shares of OTCMKTS AUTLF opened at $2.93 on Friday. The firm has a market capitalization of $1.23 billion and a P/E ratio of 34.78. The stock’s 50-day simple moving average is $3.34 and its two-hundred day simple moving average is $4.14. Austal has a twelve month low of $2.80 and a twelve month high of $6.35.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Austal to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Austal presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Austal
About Austal
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.