Short Interest in Samsonite International S.A. (OTCMKTS:SMSEY) Grows By 1,733.3%

Samsonite International S.A. (OTCMKTS:SMSEYGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,500 shares, an increase of 1,733.3% from the March 31st total of 300 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is presently 0.6 days.

Separately, Zacks Investment Research lowered Samsonite International from a “buy” rating to a “hold” rating in a research note on Thursday, January 6th.

SMSEY stock traded down $0.50 during mid-day trading on Wednesday, hitting $10.44. 9,410 shares of the stock were exchanged, compared to its average volume of 14,082. The company has a debt-to-equity ratio of 3.69, a current ratio of 2.11 and a quick ratio of 1.73. The business has a fifty day moving average price of $10.52 and a 200 day moving average price of $10.51. Samsonite International has a 12 month low of $8.03 and a 12 month high of $12.12. The stock has a market capitalization of $3.00 billion and a price-to-earnings ratio of 208.80.

Samsonite International (OTCMKTS:SMSEYGet Rating) last issued its earnings results on Wednesday, March 16th. The company reported $0.39 earnings per share for the quarter. The company had revenue of $664.20 million during the quarter, compared to analysts’ expectations of $669.00 million. Samsonite International had a return on equity of 2.72% and a net margin of 0.71%. As a group, equities analysts forecast that Samsonite International will post 0.8 EPS for the current fiscal year.

About Samsonite International (Get Rating)

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags worldwide. It 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.

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