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Conrad Industries Inc. (OTCMKTS:CNRD) Sees Large Increase in Short Interest

Conrad Industries logo with Aerospace background

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%.
  • MarketBeat previews the top five stocks to own by October 1st.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report) saw a significant growth in short interest in 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. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company's shares are short sold.

Conrad Industries Stock Down 1.5%

OTCMKTS:CNRD opened at $22.54 on Monday. The firm has a market capitalization of $113.12 million, a price-to-earnings ratio of -66.30 and a beta of 0.47. Conrad Industries has a 1-year low of $9.85 and a 1-year high of $23.50. The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.01. The business's fifty day moving average price is $20.59 and its 200 day moving average price is $15.90.

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

Conrad Industries Company Profile

(Get Free Report)

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.

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