Short Interest in Innovative Designs, Inc. (OTCMKTS:IVDN) Decreases By 67.9%

Innovative Designs, Inc. (OTCMKTS:IVDN) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 575 shares, a decline of 67.9% from the August 15th total of 1,792 shares. Based on an average trading volume of 39,923 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Innovative Designs Stock Down 14.0%

IVDN traded down $0.04 during trading on Friday, hitting $0.22. 14,310 shares of the company’s stock traded hands, compared to its average volume of 13,247. The stock has a market capitalization of $8.62 million, a price-to-earnings ratio of 7.45 and a beta of -2.73. The company’s 50 day simple moving average is $0.24 and its two-hundred day simple moving average is $0.29. Innovative Designs has a 12-month low of $0.15 and a 12-month high of $0.42. The company has a current ratio of 8.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.01.

Innovative Designs (OTCMKTS:IVDN) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $0.81 million for the quarter. Innovative Designs had a return on equity of 24.63% and a net margin of 18.21%.

Innovative Designs Company Profile

Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.