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

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 25,339 shares, a decline of 23.5% from the November 30th total of 33,121 shares. Based on an average daily volume of 33,597 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 33,597 shares, the days-to-cover ratio is presently 0.8 days.

Omni-Lite Industries Canada Price Performance

OTCMKTS:OLNCF traded up $0.02 during trading hours on Wednesday, reaching $1.09. 45,000 shares of the company were exchanged, compared to its average volume of 21,070. The firm has a market cap of $16.87 million, a price-to-earnings ratio of 109.11 and a beta of 0.16. The stock has a 50 day simple moving average of $1.24 and a 200 day simple moving average of $1.17. Omni-Lite Industries Canada has a 52-week low of $0.67 and a 52-week high of $1.36.

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.