Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Down 30.8% in September

Key Points

• Short interest in Samsonite Group decreased by 30.8% in September, with a total of 12,600 shares reported as of September 30th.
• Zacks Research upgraded Samsonite Group's rating from "strong sell" to "hold," while the average analyst rating is now "Buy."
• Samsonite Group's recent quarterly earnings show a net margin of 8.46% and revenue of $865 million, surpassing analysts' expectations of $863 million.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 12,600 shares, a decrease of 30.8% from the September 15th total of 18,200 shares. Based on an average daily volume of 76,200 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 76,200 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

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 analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Samsonite Group presently has an average rating of "Buy".

Samsonite Group Price Performance

Samsonite Group stock traded up $0.13 during trading hours on Thursday, hitting $11.18. 500 shares of the stock were exchanged, compared to its average volume of 48,007. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.70 and a current ratio of 1.13. The stock has a market capitalization of $3.10 billion, a P/E ratio of 10.75 and a beta of 0.69. Samsonite Group has a 12 month low of $8.32 and a 12 month high of $15.16. The business's 50-day moving average is $10.85 and its two-hundred day moving average is $9.92.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly 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 20.98%. The business had revenue of $865.00 million for the quarter, compared to analysts' expectations of $863.00 million. Equities research analysts expect that Samsonite Group will post 1.15 EPS for the current fiscal year.

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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