Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Up 620.8% in February

Samsonite Group S.A. (OTCMKTS:SMSEY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 28,867 shares, an increase of 620.8% from the February 12th total of 4,005 shares. Based on an average trading volume of 54,948 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 54,948 shares, the short-interest ratio is currently 0.5 days.

Samsonite Group Trading Down 2.5%

OTCMKTS:SMSEY opened at $10.93 on Thursday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 10.12 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average price is $12.58 and its 200-day moving average price is $11.83. Samsonite Group has a 52 week low of $8.32 and a 52 week high of $14.10.

Analysts Set New Price Targets

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

Samsonite Group Company Profile

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.