Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Up 38.7% in March

Key Points

• Short interest in Samsonite (OTCMKTS:SMSEY) jumped 38.7% in March to 40,042 shares, producing a days-to-cover of about 1.5 days while shorted shares represent roughly 0.0% of outstanding stock.
• In the latest quarter Samsonite reported $0.38 EPS on $963.3 million of revenue, and the company trades at a market cap of $2.65 billion with a P/E of 9.20 and a 52-week range of $8.32–$14.10.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 40,042 shares, a growth of 38.7% from the February 26th total of 28,867 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 27,288 shares, the days-to-cover ratio is currently 1.5 days.

Samsonite Group Price Performance

Shares of OTCMKTS:SMSEY opened at $9.57 on Friday. Samsonite Group has a fifty-two week low of $8.32 and a fifty-two week high of $14.10. The business has a 50-day moving average of $11.92 and a two-hundred day moving average of $11.76. The stock has a market capitalization of $2.65 billion, a P/E ratio of 9.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.13 and a quick ratio of 0.70.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $963.30 million during the quarter. Samsonite Group had a return on equity of 19.58% and a net margin of 8.27%. On average, equities research analysts predict that Samsonite Group will post 1.15 EPS for the current fiscal 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.

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