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

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

Conrad Industries Stock Performance

OTCMKTS:CNRD opened at $25.00 on Friday. The firm has a market cap of $125.50 million, a P/E ratio of 6.53 and a beta of 0.56. The stock’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $25.69. Conrad Industries has a 12-month low of $15.82 and a 12-month high of $33.33.

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

About Conrad Industries

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.