Samsonite Group S.A. (OTCMKTS:SMSEY) Sees Large Growth in Short Interest

Samsonite Group S.A. (OTCMKTS:SMSEY) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 5,686 shares, a growth of 105.5% from the January 15th total of 2,767 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 54,498 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 54,498 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Samsonite Group Stock Down 0.5%

Shares of SMSEY opened at $12.68 on Friday. Samsonite Group has a fifty-two week low of $8.32 and a fifty-two week high of $14.63. The company’s fifty day moving average is $12.79 and its two-hundred day moving average is $11.60. The firm has a market cap of $3.52 billion, a PE ratio of 11.74 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87.

Samsonite Group (OTCMKTS:SMSEY) last issued its earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. Samsonite Group had a return on equity of 19.92% and a net margin of 8.68%.The firm had revenue of $872.70 million for the quarter. Analysts forecast that Samsonite Group will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Jefferies Financial Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Samsonite Group Company Profile

Samsonite Group (OTCMKTS: SMSEY) is a leading global designer and manufacturer of luggage, travel bags and accessories. The company’s product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.