Leatt Corp. (OTCMKTS:LEAT) Sees Large Growth in Short Interest

Leatt Corp. (OTCMKTS:LEAT) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,137 shares, a growth of 316.0% from the August 15th total of 754 shares. Based on an average trading volume of 10,373 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Leatt Trading Down 1.6%

Shares of OTCMKTS LEAT opened at $12.00 on Friday. The stock has a market cap of $74.64 million, a P/E ratio of 21.05 and a beta of 0.78. The business’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $11.21. Leatt has a 12-month low of $8.31 and a 12-month high of $13.37.

Leatt (OTCMKTS:LEAT) last released its earnings results on Friday, August 14th. The company reported $0.14 EPS for the quarter. Leatt had a return on equity of 8.52% and a net margin of 5.56%.The firm had revenue of $16.39 million during the quarter.

About Leatt

Leatt (OTCMKTS:LEAT) is a designer and manufacturer of protective sports gear, specializing in advanced safety equipment for high-impact activities such as motocross, mountain biking, and snow sports. The company’s product portfolio includes the patented Leatt Brace® neck protection system, impact-absorbing body armor, full-face and off-road helmets, goggles, gloves, and riding apparel. These offerings are engineered to mitigate the risk of spinal and head injuries, combining biomechanical research with lightweight materials and user-focused design.

Founded by Dr.