Industria de Diseno Textil SA (OTCMKTS:IDEXY) Shares Shorted: Short Interest Down 52.6% in September

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 153,400 shares, a decline of 52.6% from the September 15th total of 323,599 shares. Based on an average daily trading volume, of 1,048,166 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Industria de Diseno Textil

An institutional investor 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 second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Wall Street Analyst Weigh In

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

Industria de Diseno Textil Trading Down 0.4%

Industria de Diseno Textil stock traded down $0.07 during midday trading on Wednesday, hitting $15.05. The stock had a trading volume of 298,511 shares, compared to its average volume of 594,248. The stock has a market cap of $187.68 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.53 and a beta of 1.02. The business has a fifty day moving average price of $15.92 and a 200 day moving average price of $15.61. Industria de Diseno Textil has a 12 month low of $13.06 and a 12 month high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, meeting 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 net margin of 15.54% and a return on equity of 33.83%. On average, equities analysts anticipate that Industria de Diseno Textil will post 0.62 EPS for the current fiscal year.

Industria de Diseno Textil Company Profile

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

Inditex operates a portfolio of brands that includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products span womenswear, menswear, childrenswear, footwear, accessories, beauty and home furnishings, with each brand targeting distinct customer segments and styles.

Inditex traces its origins to Zara, which was founded in A Coruña, Spain, in 1975 by Amancio Ortega and Rosalía Mera.