Samsonite International S.A. (OTCMKTS:SMSEY) Short Interest Down 87.7% in December

Samsonite International S.A. (OTCMKTS:SMSEY) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 4,400 shares, a decrease of 87.7% from the November 30th total of 35,900 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 0.5 days.

Samsonite International Stock Up 0.4 %

Shares of SMSEY traded up $0.05 during midday trading on Thursday, reaching $13.92. The stock had a trading volume of 2,184 shares, compared to its average volume of 10,333. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 10.71 and a beta of 0.56. The company’s fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $13.10. Samsonite International has a 1-year low of $10.68 and a 1-year high of $20.06. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.61 and a quick ratio of 1.07.

Wall Street Analysts Forecast Growth

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

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.