Conrad Industries Inc. (OTCMKTS:CNRD) Sees Significant Decline in Short Interest

Key Points

• In July, Conrad Industries Inc. (CNRD) experienced a significant 57.1% decrease in short interest, dropping from 2,100 shares to 900 shares, indicating reduced bearish sentiment among investors.
• The company's stock price increased to $21.99, up $2.29 during mid-day trading, surpassing its 52-week high of $21.99 and reflecting positive market performance.
• Conrad Industries reported a quarterly EPS of $1.16 and revenue of $91.48 million, showcasing a return on equity of 20.76% and a net margin of 5.30% during its latest earnings announcement.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 900 shares, adeclineof57.1% from the July 15th total of 2,100 shares. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is presently 0.1 days.

Conrad Industries Stock Performance

CNRD stock traded down $0.55 during midday trading on Thursday, reaching $22.00. The company had a trading volume of 5,379 shares, compared to its average volume of 4,660. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.65. Conrad Industries has a 1 year low of $9.85 and a 1 year high of $22.96. The firm has a 50-day moving average price of $18.87 and a 200-day moving average price of $14.66.

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