Innovative Designs, Inc. (OTCMKTS:IVDN) Sees Large Decline in Short Interest

Innovative Designs, Inc. (OTCMKTS:IVDN) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,792 shares, a decline of 81.2% from the July 30th total of 9,529 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 79,988 shares, the days-to-cover ratio is presently 0.0 days.

Innovative Designs Price Performance

IVDN remained flat at $0.26 during midday trading on Thursday. 2,700 shares of the company traded hands, compared to its average volume of 34,239. The stock has a market capitalization of $9.93 million, a P/E ratio of 8.58 and a beta of -2.74. The company’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.30. 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 has a 52-week low of $0.15 and a 52-week high of $0.42.

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

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.