Leatt Corp. (OTCMKTS:LEAT) Sees Large Growth in Short Interest

Leatt Corp. (OTCMKTS:LEAT) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,137 shares, an increase of 316.0% from the August 15th total of 754 shares. Based on an average daily volume of 10,373 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Leatt Trading Down 1.6%

Shares of LEAT opened at $12.00 on Friday. Leatt has a twelve month low of $8.31 and a twelve month high of $13.37. The firm’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $11.21. The firm has a market capitalization of $74.64 million, a price-to-earnings ratio of 21.05 and a beta of 0.78.

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

About Leatt

Leatt (OTCMKTS:LEAT) is a designer and manufacturer of protective sports gear, specializing in advanced safety equipment for high-impact activities such as motocross, mountain biking, and snow sports. The company’s product portfolio includes the patented Leatt Brace® neck protection system, impact-absorbing body armor, full-face and off-road helmets, goggles, gloves, and riding apparel. These offerings are engineered to mitigate the risk of spinal and head injuries, combining biomechanical research with lightweight materials and user-focused design.

Founded by Dr.