Short Interest in Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Increases By 68.1%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 38,000 shares, a growth of 68.1% from the February 13th total of 22,600 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 286,600 shares, the days-to-cover ratio is currently 0.1 days.

Industria de Diseño Textil Stock Performance

Shares of OTCMKTS IDEXY opened at $24.43 on Monday. The business’s 50-day simple moving average is $26.61 and its 200-day simple moving average is $27.39. Industria de Diseño Textil has a 52 week low of $22.31 and a 52 week high of $30.11. The firm has a market cap of $152.28 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.38 and a beta of 1.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.13 billion. Industria de Diseño Textil had a net margin of 15.19% and a return on equity of 32.33%. As a group, equities research analysts forecast that Industria de Diseño Textil will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.