Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) Short Interest Update

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

Omni-Lite Industries Canada Price Performance

Shares of OLNCF traded up $0.06 on Thursday, reaching $2.13. 400 shares of the stock traded hands, compared to its average volume of 16,115. The stock’s 50-day moving average price is $1.83 and its 200-day moving average price is $1.42. The firm has a market cap of $33.74 million, a price-to-earnings ratio of 26.63 and a beta of 0.51. 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 announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $4.80 million for the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.41%.

About Omni-Lite Industries Canada

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.