Short Interest in Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Grows By 68.1%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 38,000 shares, a growth of 68.1% from the February 13th total of 22,600 shares. Based on an average daily trading volume, of 286,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada downgraded shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 12th.

Industria de Diseño Textil Trading Up 1.3 %

Shares of Industria de Diseño Textil stock traded up $0.32 during trading on Friday, reaching $24.43. The company’s stock had a trading volume of 185,439 shares, compared to its average volume of 306,953. The company has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $27.39. The firm has a market cap of $152.28 billion, a PE ratio of 24.19, a P/E/G ratio of 2.38 and a beta of 1.11. Industria de Diseño Textil has a fifty-two week low of $22.31 and a fifty-two week high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its earnings results on Wednesday, March 12th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $11.96 billion during the quarter, compared to analyst estimates of $11.13 billion. Industria de Diseño Textil had a net margin of 15.19% and a return on equity of 32.33%. On average, analysts predict that Industria de Diseño Textil will post 0.99 earnings per share for the current fiscal year.

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.