Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Up 59.8% in March

Samsonite Group S.A. (OTCMKTS:SMSEY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 64,006 shares, an increase of 59.8% from the March 15th total of 40,042 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 64,931 shares, the days-to-cover ratio is currently 1.0 days.

Samsonite Group Stock Performance

Shares of Samsonite Group stock opened at $9.55 on Thursday. The firm has a 50-day moving average of $11.04 and a 200-day moving average of $11.63. The stock has a market cap of $2.65 billion, a PE ratio of 9.18 and a beta of 0.78. Samsonite Group has a 52-week low of $8.50 and a 52-week high of $14.10.

Samsonite Group (OTCMKTS:SMSEY) last announced its earnings results on Thursday, March 19th. The company reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $963.30 million during the quarter. Samsonite Group had a net margin of 8.27% and a return on equity of 19.58%. Equities research analysts predict that Samsonite Group will post 1.15 earnings per share for the current fiscal year.

About Samsonite Group

Samsonite Group (OTCMKTS: SMSEY) is a leading global designer and manufacturer of luggage, travel bags and accessories. The company’s product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.