Samsonite International S.A. (OTCMKTS:SMSEY) Short Interest Up 13,100.0% in October

Samsonite International S.A. (OTCMKTS:SMSEY) saw a large increase in short interest in 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 trading volume of 19,900 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

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

Samsonite International Stock Performance

OTCMKTS:SMSEY traded down $0.05 during trading hours on Tuesday, reaching $11.34. The company had a trading volume of 4,847 shares, compared to its average volume of 10,732. Samsonite International has a 52 week low of $10.90 and a 52 week high of $20.06. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 7.77 and a beta of 0.50. The firm’s 50 day moving average price is $12.11 and its 200-day moving average price is $13.99. 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 released its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share 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 during the quarter. On average, analysts forecast 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.