Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Sees Significant Drop in Short Interest

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 22,600 shares, a drop of 64.1% from the January 31st total of 63,000 shares. Based on an average daily trading volume, of 488,000 shares, the short-interest ratio is currently 0.0 days.

Industria de Diseño Textil Price Performance

Shares of IDEXY traded up $0.26 during mid-day trading on Friday, hitting $26.91. The company’s stock had a trading volume of 140,000 shares, compared to its average volume of 257,887. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $27.41. The stock has a market capitalization of $167.74 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.38 and a beta of 1.10. Industria de Diseño Textil has a fifty-two week low of $21.97 and a fifty-two week high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). Industria de Diseño Textil had a return on equity of 32.33% and a net margin of 15.19%. As a group, equities analysts anticipate that Industria de Diseño Textil will post 0.99 EPS for the current fiscal 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 research note on Thursday, December 12th.

About Industria de Diseño Textil

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.