Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) Sees Large Increase in Short Interest

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,000 shares, an increase of 900.0% from the April 30th total of 100 shares. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is presently 0.2 days.

Omni-Lite Industries Canada Stock Performance

Shares of Omni-Lite Industries Canada stock traded up $0.01 during midday trading on Friday, hitting $0.44. The company’s stock had a trading volume of 4,150 shares, compared to its average volume of 1,704. The stock has a 50-day simple moving average of $0.38 and a 200-day simple moving average of $0.43. Omni-Lite Industries Canada has a 1-year low of $0.34 and a 1-year high of $0.68.

Omni-Lite Industries Canada (OTCMKTS:OLNCFGet Rating) last issued its earnings results on Wednesday, April 19th. The industrial products company reported ($0.07) EPS for the quarter. The business had revenue of $3.11 million during the quarter. Omni-Lite Industries Canada had a negative return on equity of 14.63% and a negative net margin of 17.29%.

About Omni-Lite Industries Canada

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Omni-Lite Industries Canada, Inc develops, manufactures, and sells precision components to Fortune 100 companies in the United States, Canada, and Barbados. It operates through the following segments: Forged, Electronic, and Investment casting components. It offers vibration resistant stainless steel fastener components for the aerospace industry, brake, transmission, and engine parts, as well as transmission valves for the automotive industry, inventory control cups for inventory control systems that are used by the retail clothing industry, links and head caps for the military sector, and ceramic track spikes for the sports and recreation industry.

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