Butler National (OTCMKTS:BUKS) Sees Large Decline in Short Interest

Key Points

• Short interest fell 22.5% in March to 16,000 shares (0.0% of shares sold short), leaving a days-to-cover ratio of just 0.2 days based on average daily volume.
• Shares opened at $3.72 (up 3.0%), with a market cap of about $297.6 million and a P/E of 12.4; the 52-week range is $1.30–$4.19 and the 50/200-day SMAs are $3.50/$2.93.
• The company reported EPS of $0.10 for the quarter on $26.91 million in revenue, with a 28.47% return on equity and a 21.45% net margin.

Butler National (OTCMKTS:BUKS - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 16,000 shares, a decline of 22.5% from the March 15th total of 20,645 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 72,497 shares, the days-to-cover ratio is currently 0.2 days.

Butler National Stock Up 3.0%

Shares of Butler National stock opened at $3.72 on Wednesday. The firm has a market cap of $297.64 million, a price-to-earnings ratio of 12.40 and a beta of 0.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.88 and a quick ratio of 1.54. Butler National has a 52-week low of $1.30 and a 52-week high of $4.19. The stock has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $2.93.

Butler National (OTCMKTS:BUKS - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter. Butler National had a return on equity of 28.47% and a net margin of 21.45%.The business had revenue of $26.91 million during the quarter.

Butler National Company Profile

Butler National Corporation, together with its subsidiaries, designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems in North America, Europe, the Middle East, Asia, and internationally. It operates through two segments, Aerospace Products and Professional Services. The Aerospace Products segment provides aircraft modifications to business-size aircraft, which include passenger-to-freighter configuration, radar systems, addition of aerial photography capabilities, search and rescue, environmental research, mapping, intelligence surveillance reconnaissance modifications, and stability enhancing modifications for Learjet, Beechcraft, and Cessna aircraft along with other specialized modifications.

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