Conrad Industries Inc. (OTCMKTS:CNRD) Sees Significant Growth in Short Interest

Conrad Industries Inc. (OTCMKTS:CNRD) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,508 shares, a growth of 586.5% from the June 30th total of 511 shares. Based on an average trading volume of 14,030 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Conrad Industries Trading Up 0.9%

Shares of CNRD stock opened at $30.48 on Friday. The firm has a market capitalization of $153.01 million, a P/E ratio of 7.96 and a beta of 0.55. Conrad Industries has a 1 year low of $18.20 and a 1 year high of $33.33. The firm’s fifty day simple moving average is $26.09 and its 200 day simple moving average is $25.80.

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

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.