Innovative Designs, Inc. (OTCMKTS:IVDN) Short Interest Update

Innovative Designs, Inc. (OTCMKTS:IVDN) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,529 shares, an increase of ? from the July 15th total of 0 shares. Based on an average trading volume of 28,063 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Innovative Designs Stock Down 11.5%

IVDN stock opened at $0.20 on Tuesday. The company has a 50 day moving average price of $0.25 and a two-hundred day moving average price of $0.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.52 and a current ratio of 8.48. The stock has a market capitalization of $7.68 million, a P/E ratio of 6.64 and a beta of -2.74. Innovative Designs has a one year low of $0.13 and a one year high of $0.42.

Innovative Designs (OTCMKTS:IVDN) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $0.01 earnings per share (EPS) for the quarter. The business 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%.

About Innovative Designs

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.