Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 8,024 shares, an increase of 99.4% from the July 30th total of 4,024 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 9,080 shares, the short-interest ratio is presently 0.9 days.
Omni-Lite Industries Canada Trading Down 2.1%
Shares of OTCMKTS OLNCF opened at $1.91 on Friday. The stock has a market cap of $29.57 million, a P/E ratio of 23.88 and a beta of 0.47. Omni-Lite Industries Canada has a 12-month low of $0.90 and a 12-month high of $2.14. The business’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.27.
Omni-Lite Industries Canada (OTCMKTS:OLNCF – Get Free Report) last released its earnings results on Wednesday, August 19th. The industrial products company reported $0.03 EPS for the quarter. Omni-Lite Industries Canada had a return on equity of 7.48% and a net margin of 6.33%.The firm had revenue of $4.80 million during the quarter.
Hedge Funds Weigh In On Omni-Lite Industries Canada
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.
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