Short Interest in Conrad Industries Inc. (OTCMKTS:CNRD) Drops By 87.1%

Conrad Industries Inc. (OTCMKTS:CNRD) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 84 shares, a decrease of 87.1% from the May 14th total of 653 shares. Based on an average daily volume of 10,898 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Conrad Industries Stock Down 0.5%

CNRD opened at $25.07 on Wednesday. Conrad Industries has a twelve month low of $15.20 and a twelve month high of $33.33. The company has a 50-day simple moving average of $24.96 and a 200 day simple moving average of $25.69. The stock has a market capitalization of $125.83 million, a price-to-earnings ratio of 6.54 and a beta of 0.56.

Conrad Industries (OTCMKTS:CNRD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.64 earnings per share for the quarter. Conrad Industries had a net margin of 6.07% and a return on equity of 19.54%. The business had revenue of $69.35 million during the quarter.

Conrad Industries Company Profile

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.

Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.