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

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) saw a large increase in short interest during the month of 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. Based on an average daily volume of 9,080 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Omni-Lite Industries Canada Trading Down 2.1%

Shares of OLNCF opened at $1.91 on Friday. Omni-Lite Industries Canada has a twelve month low of $0.90 and a twelve month high of $2.14. The firm’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.27. The firm has a market capitalization of $29.57 million, a price-to-earnings ratio of 23.88 and a beta of 0.47.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $4.80 million during the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.48%.

Institutional Trading of Omni-Lite Industries Canada

An institutional investor recently bought a new stake in Omni-Lite Industries Canada stock. Bellars Harris Wealth Management LLC purchased a new stake in Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,198 shares of the industrial products company’s stock, valued at approximately $4,450,000. Bellars Harris Wealth Management LLC owned about 0.08% of Omni-Lite Industries Canada at the end of the most recent reporting period.

About Omni-Lite Industries Canada

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.