Short Interest in Loomis AB (OTCMKTS:LOIMF) Expands 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 - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 6,100 shares, a growth of 103.3% from the August 15th total of 3,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 61.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 61.0 days.

Loomis Price Performance

Shares of OTCMKTS:LOIMF remained flat at $42.85 during midday trading on Friday. The firm's 50 day moving average is $41.96 and its 200 day moving average is $40.56. Loomis has a twelve month low of $42.85 and a twelve month high of $43.65. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

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.