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 during the month of 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 days-to-cover ratio is currently 0.3 days.

Samsonite International Price Performance

SMSEY traded up $0.45 during midday trading on Friday, reaching $13.86. 458 shares of the company’s stock were exchanged, compared to its average volume of 5,093. 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 stock has a market capitalization of $3.87 billion, a PE ratio of 10.66 and a beta of 0.56. The business’s 50-day moving average price is $14.18 and its 200 day moving average price is $13.09. Samsonite International has a 1-year low of $10.68 and a 1-year high of $20.06.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Samsonite International to a “strong-buy” rating in a 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.