Short Interest in Industria de Diseno Textil SA (OTCMKTS:IDEXY) Decreases By 46.8%

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 85,767 shares, a decline of 46.8% from the June 30th total of 161,285 shares. Based on an average daily trading volume, of 1,256,025 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Industria de Diseno Textil Stock Performance

Shares of Industria de Diseno Textil stock traded down $0.26 during trading on Friday, reaching $16.33. The company’s stock had a trading volume of 152,518 shares, compared to its average volume of 639,138. Industria de Diseno Textil has a one year low of $11.80 and a one year high of $17.34. The firm has a market cap of $203.63 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.67 and a beta of 0.94. The business’s fifty day moving average price is $15.72 and its 200-day moving average price is $15.63.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Industria de Diseno Textil had a return on equity of 33.65% and a net margin of 15.60%.The firm had revenue of $10.23 billion for the quarter, compared to analyst estimates of $10.11 billion. Sell-side analysts anticipate that Industria de Diseno Textil will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong 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.