Loomis AB (OTCMKTS:LOIMF) Sees Significant Decrease in Short Interest

Loomis AB (OTCMKTS:LOIMF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 3,114 shares, a decline of 52.4% from the December 31st total of 6,542 shares. Based on an average daily volume of 16 shares, the short-interest ratio is presently 194.6 days. Based on an average daily volume of 16 shares, the short-interest ratio is presently 194.6 days.

Loomis Price Performance

Loomis stock opened at $42.87 on Friday. Loomis has a one year low of $36.30 and a one year high of $43.65. The company’s fifty day moving average price is $40.77 and its two-hundred day moving average price is $41.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 1.11.

Loomis (OTCMKTS:LOIMF) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $812.56 million during the quarter, compared to analyst estimates of $816.06 million. Loomis had a return on equity of 14.07% and a net margin of 5.90%.

About Loomis

Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.

The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management.