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

Key Points

• Short interest jumped 59.8% to 64,006 shares as of March 31 (up from 40,042 on March 15), with a days-to-cover ratio of about 1.0 day and MarketBeat reporting 0.0% of the company's shares sold short.
• Stock and fundamentals snapshot: SMSEY opened at $9.55 (down ~3.5%), with a market cap of ~$2.65B, a PE of 9.18 and a 52-week range of $8.50–$14.10; the company reported $0.38 EPS on $963.3M revenue for the quarter and analysts expect about $1.15 EPS for the year.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 64,006 shares, a growth of 59.8% from the March 15th total of 40,042 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 64,931 shares, the days-to-cover ratio is currently 1.0 days.

Samsonite Group Stock Down 3.5%

Shares of Samsonite Group stock opened at $9.55 on Tuesday. The stock's fifty day moving average is $11.15 and its two-hundred day moving average is $11.66. The company has a market capitalization of $2.65 billion, a PE ratio of 9.18 and a beta of 0.78. Samsonite Group has a 52 week low of $8.50 and a 52 week high of $14.10.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.38 EPS for the quarter. The company had revenue of $963.30 million for the quarter. Samsonite Group had a return on equity of 19.58% and a net margin of 8.27%. As a group, research analysts anticipate that Samsonite Group will post 1.15 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.