Austal Limited (OTCMKTS:AUTLF) Sees Significant Growth in Short Interest

Austal Limited (OTCMKTS:AUTLF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 21,100 shares, an increase of 39.7% from the August 15th total of 15,100 shares. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is presently 4.8 days.

Austal Stock Up 10.2 %

Shares of AUTLF stock opened at $1.62 on Friday. The stock’s fifty day simple moving average is $1.62 and its 200 day simple moving average is $1.56. Austal has a one year low of $1.02 and a one year high of $1.84.

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.