Leatt Corp. (OTCMKTS:LEAT) Sees Large Increase in Short Interest

Leatt Corp. (OTCMKTS:LEAT) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,509 shares, a growth of 286.9% from the October 15th total of 390 shares. Based on an average daily volume of 13,220 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Leatt Stock Performance

Shares of LEAT traded up $0.64 during trading hours on Friday, hitting $11.24. The company had a trading volume of 26,432 shares, compared to its average volume of 4,478. Leatt has a 52-week low of $8.31 and a 52-week high of $13.37. The stock has a market capitalization of $69.91 million, a price-to-earnings ratio of 19.72 and a beta of 0.81. The firm has a fifty day moving average price of $11.23 and a 200-day moving average price of $10.99.

Leatt (OTCMKTS:LEAT) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.34 earnings per share for the quarter. The firm had revenue of $20.46 million for the quarter. Leatt had a return on equity of 8.52% and a net margin of 5.56%.

Leatt Company Profile

Leatt Corporation is a South African company that designs, develops and markets protective equipment and apparel for action sports and powersports participants. Its products are sold primarily under the Leatt brand and are intended for motocross, off-road motorcycling, mountain biking and related activities. The company’s product portfolio includes neck braces, helmets, body armor, chest protectors, knee and elbow guards, gloves, riding jerseys and pants, boots, footwear, hydration systems and other protective or performance-oriented accessories.