Samsonite International S.A. (OTCMKTS:SMSEY) Sees Large Growth in Short Interest

Samsonite International S.A. (OTCMKTS:SMSEY) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 26,400 shares, an increase of 13,100.0% from the October 15th total of 200 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is presently 1.3 days.

Samsonite International Price Performance

OTCMKTS SMSEY opened at $11.46 on Wednesday. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 7.85 and a beta of 0.50. Samsonite International has a 12 month low of $10.90 and a 12 month high of $20.06. The company’s 50 day moving average is $12.10 and its two-hundred day moving average is $13.94. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11.

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 net margin of 11.67% and a return on equity of 25.81%. The firm had revenue of $908.90 million during the quarter. As a group, research analysts anticipate that Samsonite International will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Samsonite International Company Profile

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.