Austal Limited (OTCMKTS:AUTLF) Short Interest Update

Austal Limited (OTCMKTS:AUTLF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 529,930 shares, a decrease of 33.0% from the August 15th total of 791,012 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 21,969 shares, the days-to-cover ratio is currently 24.1 days.

Austal Stock Performance

AUTLF stock opened at $3.25 on Friday. Austal has a one year low of $2.40 and a one year high of $6.35. The company has a fifty day moving average of $2.84 and a 200-day moving average of $3.05.

About Austal

Austal Limited is an Australian shipbuilder that designs, manufactures and supports high-speed aluminum vessels and other specialized marine platforms. Its products include passenger and vehicle ferries, patrol boats, offshore vessels and naval ships for commercial, government and defense customers.

The company is also active in the construction of steel ships through its United States operations. Austal USA has built vessels for the U.S. Navy and other government agencies, including littoral combat ships and expeditionary fast transport vessels, while Austal’s broader portfolio includes autonomous and remotely operated maritime systems.

Founded in Western Australia in 1988, Austal serves customers internationally through shipbuilding, maintenance and support facilities in Australia, the United States and other locations in the Asia-Pacific region.