Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 136,428 shares, a drop of 41.2% from the August 15th total of 231,965 shares. Based on an average daily volume of 572,371 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Industria de Diseno Textil has a consensus rating of “Buy”.

Industria de Diseno Textil Price Performance

OTCMKTS IDEXY traded down $0.22 during trading on Friday, reaching $14.78. The company’s stock had a trading volume of 26,178 shares, compared to its average volume of 580,056. The firm has a fifty day moving average of $16.20 and a 200 day moving average of $15.60. Industria de Diseno Textil has a one year low of $12.88 and a one year high of $17.34. The stock has a market capitalization of $184.26 billion, a PE ratio of 24.63, a P/E/G ratio of 2.43 and a beta of 0.95.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.66 billion. Industria de Diseno Textil had a return on equity of 33.12% and a net margin of 15.54%. Research analysts expect that Industria de Diseno Textil will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Industria de Diseno Textil

A hedge fund recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new stake in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.