Dorel Industries Inc. (OTCMKTS:DIIBF) Sees Significant Increase in Short Interest

Dorel Industries Inc. (OTCMKTS:DIIBF) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 107,200 shares, a growth of 8.1% from the November 30th total of 99,200 shares. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is presently 7.9 days.

Dorel Industries Stock Performance

Shares of DIIBF traded up $0.18 during trading hours on Wednesday, hitting $2.65. The stock had a trading volume of 18,351 shares, compared to its average volume of 5,459. Dorel Industries has a 12 month low of $2.36 and a 12 month high of $5.53. The stock has a fifty day moving average price of $3.17 and a 200 day moving average price of $4.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.46. The firm has a market capitalization of $86.33 million, a PE ratio of -0.84 and a beta of 2.65.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DIIBF shares. BMO Capital Markets upgraded shares of Dorel Industries to a “hold” rating in a report on Monday, November 18th. TD Securities downgraded shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 18th.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.