Leatt Corp. (OTCMKTS:LEAT) Sees Significant Drop in Short Interest

Key Points

• Leatt Corp. experienced a significant drop in short interest, falling by 72.2% from 1,800 shares to just 500 shares by mid-September.
• The company's stock is currently priced at $12.00, with a market cap of $74.64 million and a PE ratio of 40.00.
• Leatt reported earnings of $0.18 per share for the last quarter, along with a return on equity of 4.90%.

Leatt Corp. (OTCMKTS:LEAT - Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 500 shares, a drop of 72.2% from the August 31st total of 1,800 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is presently 0.1 days.

Leatt Stock Performance

Shares of OTCMKTS LEAT traded down $0.10 during trading hours on Thursday, hitting $12.00. 3,201 shares of the stock were exchanged, compared to its average volume of 1,735. The company's fifty day simple moving average is $12.03 and its two-hundred day simple moving average is $9.09. The company has a market cap of $74.64 million, a PE ratio of 40.00 and a beta of 1.03. Leatt has a 1-year low of $5.01 and a 1-year high of $14.50.

Leatt (OTCMKTS:LEAT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter. Leatt had a return on equity of 4.90% and a net margin of 3.51%.

Leatt Company Profile

Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities worldwide. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck.

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