Samsonite Group S.A. (OTCMKTS:SMSEY) Short Interest Up 620.8% in February

Samsonite Group S.A. (OTCMKTS:SMSEY) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 28,867 shares, a growth of 620.8% from the February 12th total of 4,005 shares. Based on an average daily volume of 54,948 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 54,948 shares, the days-to-cover ratio is presently 0.5 days.

Samsonite Group Stock Performance

OTCMKTS SMSEY opened at $11.21 on Wednesday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 10.38 and a beta of 0.67. The company has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $11.83. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. Samsonite Group has a 12-month low of $8.32 and a 12-month high of $14.10.

Analyst Ratings Changes

A number of brokerages recently weighed in on SMSEY. UBS Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Jefferies Financial Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Samsonite Group has a consensus rating of “Buy”.

Samsonite Group Company Profile

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.