Dorel Industries Inc. (OTCMKTS:DIIBF) Sees Significant Decline in Short Interest

Dorel Industries Inc. (OTCMKTS:DIIBF) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 114,000 shares, a decrease of 5.6% from the January 15th total of 120,800 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is presently 11.6 days.

Dorel Industries Stock Down 3.4 %

DIIBF stock opened at $3.02 on Thursday. The firm has a 50 day moving average of $3.11 and a 200 day moving average of $3.77. The stock has a market capitalization of $98.56 million, a PE ratio of -0.96 and a beta of 2.68. The company has a quick ratio of 0.46, a current ratio of 0.94 and a debt-to-equity ratio of 0.28. Dorel Industries has a 52 week low of $2.36 and a 52 week high of $5.53.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets upgraded Dorel Industries to a “hold” rating in a research note on Monday, November 18th. TD Securities lowered Dorel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 18th.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.