Short Interest in Samsonite International S.A. (OTCMKTS:SMSEY) Grows By 19.6%

Samsonite International S.A. (OTCMKTS:SMSEY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 5,500 shares, a growth of 19.6% from the August 15th total of 4,600 shares. Based on an average trading volume of 18,100 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised Samsonite International to a “strong-buy” rating in a research report on Thursday, August 15th.

Samsonite International Stock Performance

Shares of Samsonite International stock opened at $11.63 on Tuesday. The stock’s fifty day moving average is $12.94 and its two-hundred day moving average is $15.80. The company has a market capitalization of $3.38 billion, a PE ratio of 7.86 and a beta of 0.47. The company has a quick ratio of 0.98, a current ratio of 1.59 and a debt-to-equity ratio of 1.14. Samsonite International has a 52 week low of $10.90 and a 52 week high of $20.06.

Samsonite International (OTCMKTS:SMSEY) last issued its earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter. Samsonite International had a return on equity of 26.06% and a net margin of 11.67%. The business had revenue of $908.90 million during the quarter. As a group, analysts expect that Samsonite International will post 1.25 earnings per share for the current year.

About Samsonite International

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.