Short Interest in Samsonite International S.A. (OTCMKTS:SMSEY) Drops By 98.6%

Samsonite International S.A. (OTCMKTS:SMSEY - Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 200 shares, a decrease of 98.6% from the September 30th total of 13,900 shares. Based on an average daily volume of 39,400 shares, the days-to-cover ratio is currently 0.0 days.

Samsonite International Stock Down 0.3 %

Shares of OTCMKTS:SMSEY traded down $0.04 during midday trading on Friday, reaching $12.20. The company had a trading volume of 5,218 shares, compared to its average volume of 10,664. The business's 50 day moving average price is $12.33 and its 200 day moving average price is $14.56. Samsonite International has a 1-year low of $10.90 and a 1-year high of $20.06. The stock has a market cap of $3.57 billion, a PE ratio of 8.41 and a beta of 0.47.

Samsonite International (OTCMKTS:SMSEY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 EPS for the quarter. The company had revenue of $908.90 million during the quarter. Samsonite International had a net margin of 11.67% and a return on equity of 26.06%. On average, research analysts expect that Samsonite International will post 1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded Samsonite International to a "strong-buy" rating in a research note on Thursday, August 15th.

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.

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