Samsonite International S.A. (OTCMKTS:SMSEY) Short Interest Up 13,100.0% in October

Samsonite International S.A. (OTCMKTS:SMSEY) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 26,400 shares, a growth of 13,100.0% from the October 15th total of 200 shares. Based on an average trading volume of 19,900 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, Dbs Bank raised shares of Samsonite International to a “strong-buy” rating in a report on Thursday, August 15th.

Samsonite International Price Performance

OTCMKTS SMSEY traded down $0.05 on Tuesday, hitting $11.34. The company had a trading volume of 4,847 shares, compared to its average volume of 10,732. The company’s fifty day moving average price is $12.11 and its 200-day moving average price is $13.99. Samsonite International has a 12-month low of $10.90 and a 12-month high of $20.06. The company has a market capitalization of $3.23 billion, a PE ratio of 7.77 and a beta of 0.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.61 and a quick ratio of 1.07.

Samsonite International (OTCMKTS:SMSEY) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 EPS for the quarter. The company had revenue of $908.90 million during the quarter. Samsonite International had a return on equity of 25.81% and a net margin of 11.67%. As a group, analysts predict that Samsonite International will post 1.25 earnings per share for the current year.

Samsonite International Company Profile

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company 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.