Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Sees Significant Increase in Short Interest

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 63,000 shares, a growth of 208.8% from the January 15th total of 20,400 shares. Based on an average trading volume of 700,900 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada downgraded shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 12th.

Industria de Diseño Textil Stock Up 1.9 %

Shares of OTCMKTS IDEXY traded up $0.54 during midday trading on Wednesday, hitting $28.28. The company had a trading volume of 108,804 shares, compared to its average volume of 301,679. The business has a 50-day simple moving average of $26.39 and a two-hundred day simple moving average of $27.09. Industria de Diseño Textil has a twelve month low of $20.77 and a twelve month high of $30.11. The firm has a market capitalization of $176.28 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

Industria de Diseño Textil (OTCMKTS:IDEXY) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Industria de Diseño Textil had a net margin of 15.19% and a return on equity of 32.33%. On average, equities analysts forecast that Industria de Diseño Textil will post 0.99 EPS for the current year.

Industria de Diseño Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.