Samsonite Group S.A. (OTCMKTS:SMSEY) Sees Significant Increase in Short Interest

Samsonite Group S.A. (OTCMKTS:SMSEY) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 5,686 shares, a growth of 105.5% from the January 15th total of 2,767 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 54,498 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 54,498 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SMSEY. 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. UBS Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Samsonite Group Price Performance

Samsonite Group stock opened at $13.00 on Friday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 12.04 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. Samsonite Group has a 12 month low of $8.32 and a 12 month high of $14.63. The stock’s 50 day moving average is $12.80 and its 200-day moving average is $11.62.

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. Equities research analysts expect that Samsonite Group will post 1.15 EPS for the current year.

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.