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

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) saw a large drop in short interest during the month of 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 days-to-cover ratio is currently 0.0 days.

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 Stock Performance

Shares of Industria de Diseño Textil stock traded up $0.26 during trading hours on Friday, reaching $26.91. The company’s stock had a trading volume of 140,000 shares, compared to its average volume of 257,887. The company’s 50 day simple moving average is $26.51 and its 200 day simple moving average is $27.41. Industria de Diseño Textil has a one year low of $21.97 and a one year high of $30.11. The stock has a market cap of $167.74 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10.

Industria de Diseño Textil (OTCMKTS:IDEXY) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side 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.