Loomis AB (OTCMKTS:LOIMF) Short Interest Up 145.6% in April

Loomis AB (OTCMKTS:LOIMF) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 317,318 shares, an increase of 145.6% from the April 15th total of 129,207 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 2 shares, the days-to-cover ratio is presently 158,659.0 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Loomis to a “neutral” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Loomis Stock Performance

LOIMF stock traded down $1.98 during trading on Friday, reaching $46.72. 260 shares of the company’s stock were exchanged, compared to its average volume of 1,200. Loomis has a 1-year low of $36.30 and a 1-year high of $48.70. The firm has a market cap of $3.35 billion, a PE ratio of 17.24 and a beta of -1.57. The company’s fifty day moving average price is $46.62 and its 200-day moving average price is $43.78. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Loomis (OTCMKTS:LOIMF) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.12. Loomis had a return on equity of 14.53% and a net margin of 5.72%.The company had revenue of $788.05 million for the quarter, compared to analyst estimates of $784.64 million.

About Loomis

Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.

The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management.