Short Interest in Samsonite International S.A. (OTCMKTS:SMSEY) Drops By 88.8%

Samsonite International S.A. (OTCMKTS:SMSEY) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a decline of 88.8% from the January 31st total of 16,000 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 0.3 days.

Samsonite International Stock Performance

Shares of SMSEY stock traded up $0.45 during mid-day trading on Friday, hitting $13.86. The stock had a trading volume of 458 shares, compared to its average volume of 5,093. Samsonite International has a fifty-two week low of $10.68 and a fifty-two week high of $20.06. The firm has a market cap of $3.87 billion, a PE ratio of 10.66 and a beta of 0.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.61 and a quick ratio of 1.07. The company’s 50-day simple moving average is $14.18 and its 200-day simple moving average is $13.09.

Wall Street Analysts Forecast Growth

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

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.