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

Loomis AB (OTCMKTS:LOIMF) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 3,114 shares, a decline of 52.4% from the December 31st total of 6,542 shares. Based on an average trading volume of 16 shares, the short-interest ratio is currently 194.6 days. Based on an average trading volume of 16 shares, the short-interest ratio is currently 194.6 days.

Loomis Price Performance

Shares of Loomis stock opened at $42.87 on Thursday. Loomis has a 52 week low of $36.30 and a 52 week high of $43.65. The company has a quick ratio of 1.11, a current ratio of 1.16 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $40.65 and a 200 day moving average price of $41.78.

Loomis (OTCMKTS:LOIMF) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $812.56 million for the quarter, compared to analyst estimates of $816.06 million. Loomis had a return on equity of 14.07% and a net margin of 5.90%.

About Loomis

Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.

The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management.