Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Significant Decline in Short Interest

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 40,541 shares, a drop of 71.8% from the April 30th total of 143,524 shares. Based on an average trading volume of 1,501,053 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Industria de Diseno Textil Stock Up 1.8%

Industria de Diseno Textil stock opened at $15.65 on Friday. Industria de Diseno Textil has a 52 week low of $11.80 and a 52 week high of $17.34. The company’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $15.51. The stock has a market cap of $195.10 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.34 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its earnings results on Wednesday, March 11th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). Industria de Diseno Textil had a return on equity of 33.77% and a net margin of 15.61%.The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.65 billion. On average, equities analysts anticipate that Industria de Diseno Textil will post 0.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research cut shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.