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

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,400 shares, a decline of 66.8% from the December 15th total of 25,339 shares. Based on an average daily volume of 42,147 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 42,147 shares, the short-interest ratio is presently 0.2 days.

Omni-Lite Industries Canada Stock Performance

OLNCF remained flat at $1.03 on Thursday. 42,500 shares of the company traded hands, compared to its average volume of 27,580. Omni-Lite Industries Canada has a 52 week low of $0.67 and a 52 week high of $1.36. The stock has a market cap of $15.94 million, a price-to-earnings ratio of 103.10 and a beta of 0.17. The stock’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.19.

About Omni-Lite Industries Canada

Omni-Lite Industries Canada, trading under the symbol OLNCF on the OTC Markets, is a designer and manufacturer of advanced polymer composite and carbon-fiber components for military, industrial and specialty vehicle applications. The company’s proprietary Fiber-Weld™ polymer composite wheel assemblies offer substantial weight savings, superior fatigue life and corrosion resistance compared with conventional steel wheels. In addition to its core wheel products, Omni-Lite produces carbon-fiber drive shafts, structural cross-members and custom injection-molded components engineered for demanding environments.

Founded in 1988 and headquartered in Mississauga, Ontario, Omni-Lite maintains production facilities in both Canada and the United States.