Short Interest in Conrad Industries Inc. (OTCMKTS:CNRD) Expands By 177.8%

Key Points

• Conrad Industries Inc. experienced a significant increase in short interest, rising by 177.8% from July to August, with total short interest reaching 2,500 shares.
• The company's recent quarterly earnings reported an EPS of $1.16 and a revenue of $91.48 million, reflecting a net margin of 5.30%.
• Conrad Industries has a current stock price of $23.10, with a market cap of $115.96 million and a low of $9.85 over the past year.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 2,500 shares, anincreaseof177.8% from the July 31st total of 900 shares. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is currently 0.2 days.

Conrad Industries Stock Down 0.4%

OTCMKTS:CNRD traded down $0.10 during trading hours on Monday, hitting $22.80. 681 shares of the company's stock traded hands, compared to its average volume of 6,291. 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 has a twelve month low of $9.85 and a twelve month high of $23.50. The stock's fifty day moving average price is $20.13 and its two-hundred day moving average price is $15.53. The firm has a market cap of $114.46 million, a P/E ratio of -67.06 and a beta of 0.47.

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

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.