Leatt Corp. (OTCMKTS:LEAT) Shares Shorted: Short Interest Down 68.3% in October

Leatt Corp. (OTCMKTS:LEAT) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 390 shares, a decline of 68.3% from the September 30th total of 1,230 shares. Based on an average daily volume of 1,791 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Leatt Price Performance

Shares of LEAT stock traded up $0.50 on Thursday, hitting $11.00. The stock had a trading volume of 3,500 shares, compared to its average volume of 4,119. The business has a 50 day moving average of $11.61 and a 200 day moving average of $10.92. The stock has a market cap of $68.41 million, a price-to-earnings ratio of 19.30 and a beta of 0.78. Leatt has a 12-month low of $8.31 and a 12-month high of $13.37.

Leatt (OTCMKTS:LEAT) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $16.39 million for the quarter. Leatt had a return on equity of 8.52% and a net margin of 5.56%.

About Leatt

Leatt Corporation is a South African company that designs, develops and markets protective equipment and apparel for action sports and powersports participants. Its products are sold primarily under the Leatt brand and are intended for motocross, off-road motorcycling, mountain biking and related activities.

The company’s product portfolio includes neck braces, helmets, body armor, chest protectors, knee and elbow guards, gloves, riding jerseys and pants, boots, footwear, hydration systems and other protective or performance-oriented accessories.