Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) Stock Short Interest Drops 41.7%

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 8,455 shares, a drop of 41.7% from the August 31st total of 14,510 shares. Based on an average daily volume of 7,142 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s shares are sold short.

Omni-Lite Industries Canada Stock Performance

Shares of OTCMKTS:OLNCF traded up $0.04 during midday trading on Wednesday, hitting $2.07. 100 shares of the stock were exchanged, compared to its average volume of 16,115. The stock has a market capitalization of $32.80 million, a price-to-earnings ratio of 25.88 and a beta of 0.51. The business’s 50-day moving average price is $1.82 and its 200 day moving average price is $1.41. Omni-Lite Industries Canada has a 12 month low of $0.90 and a 12 month high of $2.14.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last issued its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $4.80 million during the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.41%.

Omni-Lite Industries Canada Company Profile

Omni-Lite Industries Canada Inc develops and manufactures specialized components and products using advanced materials and manufacturing technologies. Its offerings are designed for applications where lightweight construction, strength, durability, and performance are important.

The company serves several markets, including aerospace and defense, sports and recreation, and specialty industrial applications. Its products have included precision-engineered components, advanced composite and metal-based parts, and sporting goods components.

Omni-Lite Industries Canada is a Canadian company whose operations and customer relationships have included the United States and other international markets.