Loomis AB (OTCMKTS:LOIMF) Sees Large Increase in Short Interest

Loomis AB (OTCMKTS:LOIMF) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,300 shares, an increase of 61.5% from the September 30th total of 3,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 63.0 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 63.0 days.

Loomis Stock Performance

LOIMF opened at $42.89 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.07 billion, a P/E ratio of 17.50 and a beta of -1.54. Loomis has a 52 week low of $42.85 and a 52 week high of $43.65. The business has a fifty day simple moving average of $42.99 and a 200-day simple moving average of $41.10.

Loomis (OTCMKTS:LOIMF) last posted its earnings results on Friday, October 31st. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Loomis had a net margin of 5.73% and a return on equity of 13.56%. The company had revenue of $812.56 million during the quarter, compared to analysts’ expectations of $816.06 million.

About Loomis

Loomis AB (publ) provides solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables. The company offers a range of solutions for cash in transit, cash management services, foreign exchange services, automated teller machines, automated solutions, and international valuables logistics, as well as operates Loomis Pay, a payment service that enables processing of various types of payment methods, such as card, cash, and digital alternatives.