Short Interest in Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Declines By 64.1%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large drop in short interest in 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 Stock Performance

Industria de Diseño Textil stock traded up $0.26 during midday trading on Friday, hitting $26.91. 140,000 shares of the company’s stock were exchanged, compared to its average volume of 257,887. The company has a market cap of $167.74 billion, a PE ratio of 26.64, a P/E/G ratio of 2.38 and a beta of 1.10. The firm has a 50-day moving average of $26.51 and a two-hundred day moving average of $27.39. Industria de Diseño Textil has a 12 month low of $21.97 and a 12 month high of $30.11.

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

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded 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.