Short Interest in Samsonite International S.A. (OTCMKTS:SMSEY) Rises By 160.0%

Samsonite International S.A. (OTCMKTS:SMSEY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 160.0% from the February 28th total of 500 shares. Based on an average daily volume of 10,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Samsonite International to a “strong-buy” rating in a research report on Sunday, December 8th.

Samsonite International Stock Performance

Samsonite International stock traded down $0.02 during trading hours on Friday, reaching $12.12. 8,101 shares of the company were exchanged, compared to its average volume of 7,075. Samsonite International has a 12 month low of $10.68 and a 12 month high of $19.28. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average of $13.70 and a 200 day moving average of $13.11. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 9.32 and a beta of 0.57.

Samsonite International (OTCMKTS:SMSEY) last posted its earnings results on Wednesday, March 12th. The company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $942.40 million for the quarter. Samsonite International had a net margin of 10.56% and a return on equity of 22.81%. As a group, research analysts anticipate that Samsonite International will post 1.15 earnings per share for the current year.

About Samsonite International

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.