Samsonite Group S.A. (OTCMKTS:SMSEY) Sees Large Growth in Short Interest

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) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 47,600 shares, a growth of 534.7% from the August 15th total of 7,500 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 185,900 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 185,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are sold short.

Samsonite Group Stock Performance

OTCMKTS:SMSEY traded up $0.10 during trading hours on Thursday, reaching $10.75. The company had a trading volume of 35,009 shares, compared to its average volume of 52,434. The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. Samsonite Group has a 52 week low of $8.32 and a 52 week high of $15.16. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 10.33 and a beta of 0.70. The firm's 50 day moving average price is $10.46 and its 200-day moving average price is $10.29.

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

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Samsonite Group presently 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.

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