Samsonite International S.A. (OTCMKTS:SMSEY) was the target of a significant growth in short interest in May. As of May 28th, there was short interest totalling 1,400 shares, a growth of 600.0% from the May 13th total of 200 shares. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is presently 0.1 days.
Separately, HSBC raised Samsonite International from a “hold” rating to a “buy” rating in a report on Monday.
Shares of SMSEY stock traded down $0.15 during mid-day trading on Friday, hitting $11.61. The company’s stock had a trading volume of 209,547 shares, compared to its average volume of 28,038. Samsonite International has a 52-week low of $4.47 and a 52-week high of $11.92. The company has a 50-day moving average of $9.38.
Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags worldwide. It offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.
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