Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Down 58.1% in December

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 9,800 shares, a drop of 58.1% from the November 30th total of 23,400 shares. Based on an average trading volume of 517,100 shares, the short-interest ratio is currently 0.0 days.

Industria de Diseño Textil Stock Performance

OTCMKTS:IDEXY traded up $0.15 on Friday, reaching $25.85. The company’s stock had a trading volume of 148,551 shares, compared to its average volume of 152,777. The firm has a market cap of $161.13 billion, a PE ratio of 25.59, a PEG ratio of 2.04 and a beta of 1.10. The business’s 50-day moving average price is $27.71 and its two-hundred day moving average price is $26.77. Industria de Diseño Textil has a 1-year low of $20.44 and a 1-year high of $30.11.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 1st were paid a dividend of $0.2922 per share. This is a boost from Industria de Diseño Textil’s previous dividend of $0.29. The ex-dividend date was Friday, November 1st. Industria de Diseño Textil’s dividend payout ratio is presently 56.44%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a research 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.