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

Samsonite Group S.A. (OTCMKTS:SMSEY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,767 shares, a growth of 1,412.0% from the December 31st total of 183 shares. Based on an average daily trading volume, of 12,075 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,075 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on SMSEY shares. Jefferies Financial Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. UBS Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Samsonite Group Price Performance

Shares of OTCMKTS:SMSEY opened at $12.91 on Thursday. 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 business has a 50 day moving average price of $12.75 and a 200 day moving average price of $11.44. Samsonite Group has a twelve month low of $8.32 and a twelve month high of $14.88. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 11.95 and a beta of 0.67.

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

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.