Short Interest in Loomis AB (OTCMKTS:LOIMF) Increases By 103.3%

Key Points

• Short interest in Loomis AB increased by 103.3% in August, rising from 3,000 shares to 6,100 shares, leading to a significant short-interest ratio of 61.0 days.
• Loomis stock remained flat at $42.85 during mid-day trading, with a market capitalization of $3.07 billion and a PE ratio of 17.49.
• The company specializes in distribution, payments, and management of cash and valuables, offering various services including cash management and ATMs.

Loomis AB (OTCMKTS:LOIMF - ) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,100 shares, an increase of 103.3% from the August 15th total of 3,000 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 61.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 61.0 days.

Loomis Stock Performance

LOIMF stock remained flat at $42.85 during mid-day trading on Friday. The company's stock had a trading volume of 4 shares, compared to its average volume of 12. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. Loomis has a 12 month low of $42.85 and a 12 month high of $43.65. The business's fifty day moving average price is $41.63 and its two-hundred day moving average price is $40.40. The stock has a market cap of $3.07 billion, a PE ratio of 17.49 and a beta of -1.52.

Loomis Company Profile

Loomis AB (publ) provides solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables. The company offers a range of solutions for cash in transit, cash management services, foreign exchange services, automated teller machines, automated solutions, and international valuables logistics, as well as operates Loomis Pay, a payment service that enables processing of various types of payment methods, such as card, cash, and digital alternatives.

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