Leatt Corp. (OTCMKTS:LEAT) Sees Significant Decrease in Short Interest

Leatt Corp. (OTCMKTS:LEAT) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,230 shares, a drop of 49.7% from the September 15th total of 2,443 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,570 shares, the days-to-cover ratio is presently 0.8 days.

Leatt Stock Performance

Shares of LEAT stock remained flat at $11.30 during trading hours on Wednesday. 1,005 shares of the stock were exchanged, compared to its average volume of 925. The business has a 50 day moving average of $12.09 and a two-hundred day moving average of $11.63. Leatt has a 52-week low of $8.31 and a 52-week high of $13.37. The firm has a market capitalization of $70.29 million, a price-to-earnings ratio of 19.82 and a beta of 0.78.

Leatt (OTCMKTS:LEAT) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.14 earnings per share for the quarter. Leatt had a net margin of 5.56% and a return on equity of 8.52%. The company had revenue of $16.39 million for the quarter.

About Leatt

Leatt Corporation develops, designs and markets protective equipment and related products for motocross, mountain biking, cycling and other powersports activities. The company’s product portfolio includes helmets, neck braces, body armor, knee and elbow protection, impact protection, riding apparel, gloves, footwear, goggles and hydration products.

Leatt was founded by South African physician Dr. Chris Leatt, whose work on neck protection led to the development of the company’s original neck brace for motocross riders.