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 significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 153,400 shares, a drop of 52.6% from the September 15th total of 323,599 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,048,166 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Industria de Diseno Textil

A hedge fund recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new stake in Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Stock Up 2.6%

Industria de Diseno Textil stock traded up $0.39 during mid-day trading on Thursday, hitting $15.47. 650,103 shares of the stock were exchanged, compared to its average volume of 596,043. The stock has a market capitalization of $192.86 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 2.56 and a beta of 1.02. Industria de Diseno Textil has a 12 month low of $13.06 and a 12 month high of $17.34. The firm’s fifty day simple moving average is $15.88 and its two-hundred day simple moving average is $15.61.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.66 billion. Industria de Diseno Textil had a net margin of 15.54% and a return on equity of 33.83%. As a group, analysts forecast that Industria de Diseno Textil will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Industria de Diseno Textil presently has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish multinational fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a network of retail stores and online platforms.

Inditex operates a portfolio of brands that includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products span womenswear, menswear, childrenswear, footwear, accessories, beauty and home furnishings, with each brand targeting distinct customer segments and styles.

Inditex traces its origins to Zara, which was founded in A Coruña, Spain, in 1975 by Amancio Ortega and Rosalía Mera.