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

Samsonite International S.A. (OTCMKTS:SMSEY) was the recipient of a large increase in short interest during 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 trading volume, of 19,900 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

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

Samsonite International Stock Performance

Shares of OTCMKTS:SMSEY opened at $11.46 on Wednesday. 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 has a 12 month low of $10.90 and a 12 month high of $20.06. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 7.85 and a beta of 0.50. The firm’s 50-day moving average is $12.10 and its 200 day moving average is $13.94.

Samsonite International (OTCMKTS:SMSEY) last released its earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter. Samsonite International had a return on equity of 25.81% and a net margin of 11.67%. The firm had revenue of $908.90 million for the quarter. Research analysts predict that Samsonite International will post 1.25 EPS 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.