Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) Short Interest Update

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,455 shares, a decline of 41.7% from the August 31st total of 14,510 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,142 shares, the days-to-cover ratio is currently 1.2 days.

Omni-Lite Industries Canada Trading Up 2.1%

OTCMKTS:OLNCF traded up $0.04 on Wednesday, hitting $2.07. The company had a trading volume of 100 shares, compared to its average volume of 16,115. The stock has a market capitalization of $32.80 million, a price-to-earnings ratio of 25.88 and a beta of 0.51. The firm has a 50 day moving average of $1.82 and a two-hundred day moving average of $1.41. Omni-Lite Industries Canada has a 52 week low of $0.90 and a 52 week high of $2.14.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last issued its earnings results on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share for the quarter. The firm had revenue of $4.80 million for the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.41%.

About Omni-Lite Industries Canada

Omni-Lite Industries Canada Inc develops and manufactures specialized components and products using advanced materials and manufacturing technologies. Its offerings are designed for applications where lightweight construction, strength, durability, and performance are important.

The company serves several markets, including aerospace and defense, sports and recreation, and specialty industrial applications. Its products have included precision-engineered components, advanced composite and metal-based parts, and sporting goods components.

Omni-Lite Industries Canada is a Canadian company whose operations and customer relationships have included the United States and other international markets.