Loomis AB (OTCMKTS:LOIMF) Sees Large Decrease in Short Interest

Loomis AB (OTCMKTS:LOIMF) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 22,371 shares, a decrease of 36.7% from the November 30th total of 35,340 shares. Based on an average trading volume of 5 shares, the short-interest ratio is currently 4,474.2 days. Based on an average trading volume of 5 shares, the short-interest ratio is currently 4,474.2 days.

Loomis Price Performance

Shares of Loomis stock opened at $38.94 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $40.66 and its 200 day simple moving average is $41.24. Loomis has a 12 month low of $36.30 and a 12 month high of $43.65.

Loomis (OTCMKTS:LOIMF) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $812.56 million during the quarter, compared to analysts’ expectations of $816.06 million. Loomis had a return on equity of 14.07% and a net margin of 5.90%.

About Loomis

Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.

The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management.