Conrad Industries Inc. (OTCMKTS:CNRD) Stock Short Interest Rises 1,515.4%

Conrad Industries Inc. (OTCMKTS:CNRD) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 210 shares, an increase of 1,515.4% from the September 30th total of 13 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,176 shares, the days-to-cover ratio is currently 0.1 days.

Conrad Industries Stock Performance

Shares of OTCMKTS CNRD opened at $28.30 on Tuesday. Conrad Industries has a 52 week low of $22.80 and a 52 week high of $33.33. The stock has a market capitalization of $142.07 million, a P/E ratio of 8.52 and a beta of 0.54. The stock’s fifty day moving average is $29.12 and its 200 day moving average is $26.94.

Conrad Industries (OTCMKTS:CNRD) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.65 EPS for the quarter. Conrad Industries had a return on equity of 16.27% and a net margin of 5.68%.

About Conrad Industries

Conrad Industries, Inc is a shipbuilding and marine repair company headquartered in Morgan City, Louisiana. Founded in 1948, the company designs, constructs, repairs and converts vessels for commercial, military and government customers.

Its projects have included tugboats, towboats, ferries, offshore support vessels, dredges, barges and other specialized marine equipment. Conrad works with both steel and aluminum construction and provides services such as vessel maintenance, refurbishment, conversion and repair.

The company operates shipyards along the U.S.