Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 14,510 shares, an increase of 80.8% from the August 15th total of 8,024 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,717 shares, the short-interest ratio is currently 0.8 days.
Omni-Lite Industries Canada Stock Performance
Omni-Lite Industries Canada stock traded up $0.03 during midday trading on Thursday, reaching $2.03. The stock had a trading volume of 102 shares, compared to its average volume of 16,945. Omni-Lite Industries Canada has a twelve month low of $0.90 and a twelve month high of $2.14. The stock has a market capitalization of $31.42 million, a PE ratio of 25.38 and a beta of 0.51. The stock’s 50-day simple moving average is $1.72 and its 200 day simple moving average is $1.34.
Omni-Lite Industries Canada (OTCMKTS:OLNCF – Get Free Report) last posted 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 during the quarter. Omni-Lite Industries Canada had a return on equity of 7.48% and a net margin of 6.33%.
Omni-Lite Industries Canada Company Profile
Omni-Lite Industries Canada, trading under the symbol OLNCF on the OTC Markets, is a designer and manufacturer of advanced polymer composite and carbon-fiber components for military, industrial and specialty vehicle applications. The company’s proprietary Fiber-Weld™ polymer composite wheel assemblies offer substantial weight savings, superior fatigue life and corrosion resistance compared with conventional steel wheels. In addition to its core wheel products, Omni-Lite produces carbon-fiber drive shafts, structural cross-members and custom injection-molded components engineered for demanding environments.
Founded in 1988 and headquartered in Mississauga, Ontario, Omni-Lite maintains production facilities in both Canada and the United States.
Further Reading
- Five stocks we like better than Omni-Lite Industries Canada
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
- Apple Is Quietly Building an AI Advantage Few Expected
- How Serious Is the Regulatory Threat Now Facing Tesla’s Cybercab?
- Can ServisFirst Keep Delivering?
Receive News & Ratings for Omni-Lite Industries Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omni-Lite Industries Canada and related companies with MarketBeat.com's FREE daily email newsletter.
