Samsonite Group S.A. (OTCMKTS:SMSEY) Sees Large Growth in Short Interest

Samsonite Group S.A. (OTCMKTS:SMSEY) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 5,686 shares, a growth of 105.5% from the January 15th total of 2,767 shares. Based on an average daily trading volume, of 54,498 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 54,498 shares, the short-interest ratio is presently 0.1 days.

Samsonite Group Trading Down 0.5%

SMSEY opened at $12.68 on Friday. The firm’s 50 day moving average is $12.79 and its 200-day moving average is $11.60. Samsonite Group has a 52-week low of $8.32 and a 52-week high of $14.63. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $3.52 billion, a P/E ratio of 11.74 and a beta of 0.67.

Samsonite Group (OTCMKTS:SMSEY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. Samsonite Group had a net margin of 8.68% and a return on equity of 19.92%. The business had revenue of $872.70 million during the quarter. Analysts expect that Samsonite Group will post 1.15 EPS for the current fiscal year.

Analysts Set New Price Targets

SMSEY has been the topic of a number of research reports. UBS Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Jefferies Financial Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Samsonite Group

Samsonite Group (OTCMKTS: SMSEY) is a leading global designer and manufacturer of luggage, travel bags and accessories. The company’s product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.