Industria de Diseno Textil SA (OTCMKTS:IDEXY) Shares Shorted: Short Interest Down 50.7% in October

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 75,664 shares, a decline of 50.7% from the September 30th total of 153,400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,583,330 shares, the days-to-cover ratio is presently 0.0 days.

Industria de Diseno Textil Stock Down 1.9%

Shares of OTCMKTS:IDEXY traded down $0.30 during mid-day trading on Friday, reaching $15.68. 269,502 shares of the stock were exchanged, compared to its average volume of 738,834. The company has a market cap of $195.48 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.65 and a beta of 1.02. Industria de Diseno Textil has a one year low of $13.06 and a one year high of $17.34. The stock’s 50 day simple moving average is $15.65 and its 200-day simple moving average is $15.71.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.66 billion. Industria de Diseno Textil had a return on equity of 33.83% and a net margin of 15.54%. Analysts anticipate that Industria de Diseno Textil will post 0.62 EPS for the current fiscal year.

Institutional Trading of Industria de Diseno Textil

An institutional investor recently bought a new stake in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new stake in Industria de Diseno Textil SA (OTCMKTS:IDEXY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Wall Street Analysts Forecast Growth

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

About Industria de Diseno Textil

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group headquartered in Arteixo, Galicia. The company operates an integrated retail model that combines physical stores, e-commerce platforms, product design, sourcing, logistics and distribution.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products include apparel, footwear, accessories, cosmetics and home furnishings, with offerings positioned across a range of fashion and lifestyle categories.

The company traces its origins to Zara, which was founded in 1975 by Amancio Ortega and Rosalía Mera; Inditex was established as a corporate group in 1985.