Innovative Designs, Inc. (OTCMKTS:IVDN) Short Interest Update

Innovative Designs, Inc. (OTCMKTS:IVDN) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 575 shares, a decline of 67.9% from the August 15th total of 1,792 shares. Based on an average daily volume of 39,923 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Innovative Designs Stock Performance

IVDN traded up $0.08 during trading on Monday, reaching $0.30. 100 shares of the company were exchanged, compared to its average volume of 35,794. Innovative Designs has a 52 week low of $0.15 and a 52 week high of $0.42. The company has a current ratio of 8.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $0.24 and a 200 day moving average of $0.29. The stock has a market cap of $11.53 million, a P/E ratio of 9.97 and a beta of -2.73.

Innovative Designs (OTCMKTS:IVDN) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $0.01 earnings per share (EPS) for the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%. The company had revenue of $0.81 million during the quarter.

Innovative Designs Company Profile

Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.