Short Interest in Conrad Industries Inc. (OTCMKTS:CNRD) Grows By 52.0%

Key Points

• Conrad Industries experienced a 52.0% increase in short interest in August, rising from 2,500 shares to 3,800 shares, indicating growing market skepticism.
• The company's stock declined by 1.5%, opening at $22.54 with a market capitalization of $113.12 million.
• Conrad Industries reported $1.16 earnings per share for the last quarter, with a revenue of $91.48 million and a return on equity of 20.25%.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,800 shares, a growth of 52.0% from the August 15th total of 2,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Conrad Industries Price Performance

Shares of OTCMKTS:CNRD traded down $0.51 during midday trading on Friday, reaching $23.35. 1,027 shares of the company's stock were exchanged, compared to its average volume of 6,124. The company's 50 day simple moving average is $20.91 and its two-hundred day simple moving average is $16.15. The firm has a market capitalization of $117.22 million, a PE ratio of -68.68 and a beta of 0.47. Conrad Industries has a 12 month low of $9.85 and a 12 month high of $23.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.78 and a current ratio of 1.82.

Conrad Industries (OTCMKTS:CNRD - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $1.16 EPS for the quarter. The company had revenue of $91.48 million during the quarter. Conrad Industries had a net margin of 5.30% and a return on equity of 20.25%.

Conrad Industries Company Profile

Conrad Industries, Inc engages in the construction, conversion, and repair of various steel and aluminum marine vessels in the United States. The company builds harbor tugs; specialty barges, such as crane, deck, ABS class, dry bulk cargo, aggregate, and well stim barges; inland tank, LPG inland tank, LPG pressure, LPG tank, and DS tank barges; and offshore support vessels, including liftboats, crew boats, offshore supply vessels, and offshore tugs, as well as other support equipment, such as deck and crane barges.