Dorel Industries Inc. (OTCMKTS:DIIBF) Short Interest Update

Dorel Industries Inc. (OTCMKTS:DIIBF) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 85,200 shares, a decrease of 10.1% from the August 15th total of 94,800 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 11.8 days.

Dorel Industries Trading Up 0.9 %

Shares of OTCMKTS DIIBF traded up $0.04 during mid-day trading on Wednesday, hitting $4.50. The company’s stock had a trading volume of 2,751 shares, compared to its average volume of 4,959. Dorel Industries has a one year low of $3.29 and a one year high of $5.53. The company’s fifty day simple moving average is $4.90 and its 200-day simple moving average is $4.83. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.67. The stock has a market cap of $146.51 million, a price-to-earnings ratio of -3.02 and a beta of 2.74.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.28). Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 20.39%. The business had revenue of $348.08 million during the quarter.

About Dorel Industries

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.