Short Interest in Loomis AB (OTCMKTS:LOIMF) Declines By 70.8%

Loomis AB (OTCMKTS:LOIMF) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 6,542 shares, a decrease of 70.8% from the December 15th total of 22,371 shares. Based on an average daily volume of 46 shares, the days-to-cover ratio is presently 142.2 days. Based on an average daily volume of 46 shares, the days-to-cover ratio is presently 142.2 days.

Loomis Stock Performance

Shares of LOIMF stock remained flat at $42.87 during mid-day trading on Wednesday. The company’s 50-day moving average is $40.65 and its two-hundred day moving average is $41.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.16. Loomis has a twelve month low of $36.30 and a twelve month high of $43.65.

Loomis (OTCMKTS:LOIMF) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $812.56 million during the quarter, compared to the consensus estimate 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.