Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) Sees Significant Growth in Short Interest

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,113 shares, an increase of ? from the May 31st total of 0 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 14,152 shares, the short-interest ratio is presently 0.4 days.

Omni-Lite Industries Canada Stock Performance

Omni-Lite Industries Canada stock opened at $1.56 on Wednesday. Omni-Lite Industries Canada has a twelve month low of $0.83 and a twelve month high of $1.58. The stock’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.11. The firm has a market capitalization of $24.15 million, a P/E ratio of 39.01 and a beta of 0.50.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last announced its quarterly earnings data on Wednesday, May 27th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $4.38 million for the quarter. Omni-Lite Industries Canada had a return on equity of 2.72% and a net margin of 2.59%.

Omni-Lite Industries Canada Company Profile

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.