Loomis AB (OTCMKTS:LOIMF) Short Interest Up 145.6% in April

Loomis AB (OTCMKTS:LOIMF) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 317,318 shares, a growth of 145.6% from the April 15th total of 129,207 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is currently 158,659.0 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Loomis to a “neutral” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Loomis presently has a consensus rating of “Hold”.

Loomis Stock Performance

LOIMF stock traded down $1.98 during midday trading on Friday, reaching $46.72. The company had a trading volume of 260 shares, compared to its average volume of 1,200. The firm has a market capitalization of $3.35 billion, a PE ratio of 17.24 and a beta of -1.57. The stock has a 50 day moving average price of $46.62 and a 200 day moving average price of $43.78. Loomis has a fifty-two week low of $36.30 and a fifty-two week high of $48.70. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Loomis (OTCMKTS:LOIMF) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.12. Loomis had a return on equity of 14.53% and a net margin of 5.72%.The business had revenue of $788.05 million for the quarter, compared to analysts’ expectations of $784.64 million.

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.