Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Down 61.8% in September

Key Points

• Samsonite Group S.A. experienced a significant decline in short interest, dropping 61.8% from 47,600 shares at the end of August to 18,200 shares by September 15th.
• Zacks Research upgraded Samsonite Group from a "strong sell" to a "hold" rating, while the company holds a consensus rating of "Buy".
• The company reported $0.25 earnings per share for the last quarter, exceeding analyst estimates of $863 million in revenue with actual revenue of $865 million.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 18,200 shares, a drop of 61.8% from the August 31st total of 47,600 shares. Based on an average trading volume of 372,200 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 372,200 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Samsonite Group Trading Down 0.4%

OTCMKTS:SMSEY opened at $10.73 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. Samsonite Group has a 1-year low of $8.32 and a 1-year high of $15.16. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.32 and a beta of 0.69. The stock has a fifty day simple moving average of $10.73 and a 200 day simple moving average of $10.04.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.25 earnings per share for the quarter. Samsonite Group had a return on equity of 20.98% and a net margin of 8.46%.The business had revenue of $865.00 million during the quarter, compared to analyst estimates of $863.00 million. Sell-side analysts forecast that Samsonite Group will post 1.15 earnings per share for the current year.

Samsonite Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.