Leatt Corp. (OTCMKTS:LEAT) Sees Significant Decrease in Short Interest

Leatt Corp. (OTCMKTS:LEAT) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,230 shares, a drop of 49.7% from the September 15th total of 2,443 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,570 shares, the short-interest ratio is presently 0.8 days.

Leatt Price Performance

Shares of LEAT stock remained flat at $11.30 during trading hours on Wednesday. The stock had a trading volume of 1,005 shares, compared to its average volume of 925. Leatt has a 1 year low of $8.31 and a 1 year high of $13.37. The business has a 50 day simple moving average of $12.09 and a 200-day simple moving average of $11.63. The stock has a market capitalization of $70.29 million, a PE ratio of 19.82 and a beta of 0.78.

Leatt (OTCMKTS:LEAT) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.14 EPS for the quarter. The company had revenue of $16.39 million during the quarter. Leatt had a return on equity of 8.52% and a net margin of 5.56%.

Leatt Company Profile

Leatt Corporation develops, designs and markets protective equipment and related products for motocross, mountain biking, cycling and other powersports activities. The company’s product portfolio includes helmets, neck braces, body armor, knee and elbow protection, impact protection, riding apparel, gloves, footwear, goggles and hydration products.

Leatt was founded by South African physician Dr. Chris Leatt, whose work on neck protection led to the development of the company’s original neck brace for motocross riders.