Samsonite International S.A. (OTCMKTS:SMSEY) Short Interest Down 23.3% in November

Samsonite International S.A. (OTCMKTS:SMSEY) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 35,900 shares, a drop of 23.3% from the November 15th total of 46,800 shares. Based on an average daily trading volume, of 15,500 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Samsonite International to a “strong-buy” rating in a research report on Sunday, December 8th.

Samsonite International Stock Performance

OTCMKTS SMSEY remained flat at $13.92 on Friday. The company had a trading volume of 67 shares, compared to its average volume of 7,774. The firm has a market cap of $3.93 billion, a P/E ratio of 11.51 and a beta of 0.56. The company has a quick ratio of 1.07, a current ratio of 1.61 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $12.52 and a 200 day simple moving average of $13.22. Samsonite International has a 12 month low of $10.68 and a 12 month high of $20.06.

About Samsonite International

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.