Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Down 40.0% in August

Key Points

• Samsonite Group S.A. experienced a significant decrease in short interest, dropping 40% from 12,500 shares to 7,500 shares as of August 15th.
• Zacks Research upgraded the company from a "strong sell" to a "hold" rating, contributing to a current consensus rating of "Buy" among analysts.
• The company reported earnings of $0.25 per share on revenues of $865 million for the last quarter, surpassing analysts' expectations by $2 million.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 7,500 shares, a decrease of 40.0% from the July 31st total of 12,500 shares. Based on an average daily volume of 213,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 213,900 shares, the days-to-cover ratio is currently 0.0 days.

Samsonite Group Trading Down 2.8%

Samsonite Group stock traded down $0.31 during mid-day trading on Wednesday, hitting $10.65. The company's stock had a trading volume of 1,022,702 shares, compared to its average volume of 157,747. The business has a 50 day moving average price of $10.46 and a 200-day moving average price of $10.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.60 and a quick ratio of 1.00. Samsonite Group has a 12 month low of $8.32 and a 12 month high of $15.16. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.24 and a beta of 0.70.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $865.00 million for the quarter, compared to analysts' expectations of $863.00 million. Samsonite Group had a return on equity of 20.66% and a net margin of 8.46%. As a group, analysts forecast that Samsonite Group will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Samsonite Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. One investment 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, the company currently has a consensus rating of "Buy".

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.