Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 40,541 shares, a decline of 71.8% from the April 30th total of 143,524 shares. Based on an average daily volume of 1,501,053 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Industria de Diseno Textil Stock Performance

Industria de Diseno Textil stock opened at $15.54 on Friday. The company’s 50 day simple moving average is $14.95 and its 200-day simple moving average is $15.51. The company has a market capitalization of $193.73 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94. Industria de Diseno Textil has a 1 year low of $11.80 and a 1 year high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.65 billion. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 33.77%. Equities analysts expect that Industria de Diseno Textil will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IDEXY. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Industria de Diseno Textil currently has a consensus rating of “Buy”.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.