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

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 33,900 shares, an increase of 358.1% from the October 15th total of 7,400 shares. Based on an average daily volume of 509,500 shares, the days-to-cover ratio is presently 0.1 days.

Industria de Diseño Textil Stock Down 1.9 %

Shares of IDEXY traded down $0.51 during trading hours on Tuesday, hitting $26.64. The stock had a trading volume of 132,629 shares, compared to its average volume of 142,574. The company’s fifty day moving average is $28.55 and its two-hundred day moving average is $26.00. Industria de Diseño Textil has a 52 week low of $18.25 and a 52 week high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, September 11th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.71 billion. Industria de Diseño Textil had a net margin of 15.16% and a return on equity of 32.12%. Equities research analysts anticipate that Industria de Diseño Textil will post 1.07 EPS for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 1st will be given a dividend of $0.2922 per share. This is an increase from Industria de Diseño Textil’s previous dividend of $0.29. The ex-dividend date is Friday, November 1st. Industria de Diseño Textil’s dividend payout ratio is 59.18%.

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.