Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,510 shares, an increase of 80.8% from the August 15th total of 8,024 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,717 shares, the short-interest ratio is presently 0.8 days.
Omni-Lite Industries Canada Stock Performance
OLNCF stock remained flat at $1.97 during mid-day trading on Wednesday. 7,545 shares of the company’s stock were exchanged, compared to its average volume of 6,932. Omni-Lite Industries Canada has a 52 week low of $0.90 and a 52 week high of $2.14. The stock has a 50-day moving average of $1.72 and a two-hundred day moving average of $1.34. The stock has a market capitalization of $30.50 million, a P/E ratio of 24.63 and a beta of 0.51.
Omni-Lite Industries Canada (OTCMKTS:OLNCF – Get Free Report) last released its earnings results on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share for the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.48%. The business had revenue of $4.80 million for the quarter.
Omni-Lite Industries Canada Company Profile
Omni-Lite Industries Canada, trading under the symbol OLNCF on the OTC Markets, is a designer and manufacturer of advanced polymer composite and carbon-fiber components for military, industrial and specialty vehicle applications. The company’s proprietary Fiber-Weld™ polymer composite wheel assemblies offer substantial weight savings, superior fatigue life and corrosion resistance compared with conventional steel wheels. In addition to its core wheel products, Omni-Lite produces carbon-fiber drive shafts, structural cross-members and custom injection-molded components engineered for demanding environments.
Founded in 1988 and headquartered in Mississauga, Ontario, Omni-Lite maintains production facilities in both Canada and the United States.
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