Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Down 91.3% in December

Samsonite Group S.A. (OTCMKTS:SMSEY) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 183 shares, a drop of 91.3% from the December 15th total of 2,094 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 146,719 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 146,719 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Samsonite Group Stock Down 0.2%

SMSEY stock opened at $12.98 on Tuesday. Samsonite Group has a fifty-two week low of $8.32 and a fifty-two week high of $15.08. The business’s 50-day moving average is $12.22 and its two-hundred day moving average is $11.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.70 and a current ratio of 1.13. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.02 and a beta of 0.67.

Samsonite Group (OTCMKTS:SMSEY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter. Samsonite Group had a return on equity of 19.92% and a net margin of 8.68%.The business had revenue of $872.70 million during the quarter. As a group, analysts forecast that Samsonite Group will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SMSEY shares. UBS Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Jefferies Financial Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

About Samsonite Group

Samsonite Group (OTCMKTS: SMSEY) is a leading global designer and manufacturer of luggage, travel bags and accessories. The company’s product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.