Short Interest in Butler National (OTCMKTS:BUKS) Drops By 57.1%

Key Points

• Short interest in Butler National (OTCMKTS:BUKS) decreased by 57.1% in August, dropping from 5,600 shares to 2,400 shares.
• On the market, Butler National's shares increased by 3.9%, trading at $1.66 with over 2.3 million shares exchanged during the day.
• In its latest earnings report, Butler National posted a $0.06 EPS with revenues of $20.13 million and a net margin of 16.60%.

Butler National (OTCMKTS:BUKS - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,400 shares, a decrease of 57.1% from the August 15th total of 5,600 shares. Based on an average daily volume of 246,100 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 246,100 shares, the short-interest ratio is presently 0.0 days.

Butler National Trading Up 3.9%

Shares of OTCMKTS BUKS traded up $0.06 during mid-day trading on Friday, hitting $1.66. 2,323,741 shares of the company traded hands, compared to its average volume of 105,635. Butler National has a 1 year low of $1.09 and a 1 year high of $1.98. The stock has a market capitalization of $132.58 million, a price-to-earnings ratio of 7.91 and a beta of 0.24. The company has a quick ratio of 1.49, a current ratio of 1.94 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $1.61 and a two-hundred day moving average of $1.56.

Butler National (OTCMKTS:BUKS - Get Free Report) last announced its earnings results on Thursday, September 11th. The company reported $0.06 EPS for the quarter. Butler National had a return on equity of 22.50% and a net margin of 16.60%.The business had revenue of $20.13 million during the quarter.

About Butler National

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.

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