Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Up 291.6% in July

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 335,841 shares, a growth of 291.6% from the July 15th total of 85,767 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 793,653 shares, the days-to-cover ratio is currently 0.4 days.

Industria de Diseno Textil Stock Down 0.4%

OTCMKTS IDEXY traded down $0.07 on Friday, reaching $16.60. The company had a trading volume of 255,845 shares, compared to its average volume of 616,171. The stock has a market capitalization of $206.95 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.72 and a beta of 0.95. Industria de Diseno Textil has a 12 month low of $11.98 and a 12 month high of $17.34. The firm’s 50 day moving average price is $16.03 and its 200 day moving average price is $15.67.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. On average, research analysts expect that Industria de Diseno Textil will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

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.