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

Leatt Corp. (OTCMKTS:LEAT) was the recipient of a significant drop in short interest during the month of 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. Based on an average daily trading volume, of 1,570 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are sold short.

Leatt Stock Down 7.7%

Shares of LEAT traded down $0.87 during trading hours on Thursday, hitting $10.43. The company had a trading volume of 7,158 shares, compared to its average volume of 3,941. The firm has a market cap of $64.86 million, a P/E ratio of 18.30 and a beta of 0.78. The stock’s 50 day moving average price is $12.05 and its 200 day moving average price is $11.64. Leatt has a 52-week low of $8.31 and a 52-week high of $13.37.

Leatt (OTCMKTS:LEAT) last issued its earnings results on Friday, August 14th. The company reported $0.14 earnings per share 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%.

About Leatt

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.