Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Up 534.7% in August

Key Points

• Samsonite Group S.A. experienced a 534.7% increase in short interest from 7,500 shares to 47,600 shares between August 15th and August 31st, indicating growing investor interest in betting against the stock.
• For its latest earnings report, Samsonite posted an EPS of $0.25 and revenue of $865 million, slightly surpassing analyst expectations.
• Zacks Research upgraded Samsonite's rating from "strong sell" to "hold," contributing to its current consensus rating of "Buy" among analysts.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 47,600 shares, an increase of 534.7% from the August 15th total of 7,500 shares. Based on an average daily trading volume, of 185,900 shares, the days-to-cover ratio is currently 0.3 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 daily trading volume, of 185,900 shares, the days-to-cover ratio is currently 0.3 days.

Samsonite Group Stock Up 1.9%

SMSEY traded up $0.20 on Tuesday, reaching $10.98. The company's stock had a trading volume of 20,097 shares, compared to its average volume of 52,296. The stock has a 50 day moving average of $10.53 and a two-hundred day moving average of $10.18. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.56 and a beta of 0.70. Samsonite Group has a fifty-two week low of $8.32 and a fifty-two week high of $15.16.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter. Samsonite Group had a return on equity of 20.66% and a net margin of 8.46%.The firm had revenue of $865.00 million during the quarter, compared to the consensus estimate of $863.00 million. As a group, analysts forecast that Samsonite Group will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Samsonite Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Samsonite Group has a consensus rating of "Buy".

About Samsonite Group

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company 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.