Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Significant Increase in Short Interest

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 180,014 shares, an increase of 137.9% from the October 15th total of 75,664 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 948,192 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Industria de Diseno Textil Stock Performance

OTCMKTS:IDEXY traded up $0.04 during midday trading on Friday, reaching $16.48. 465,661 shares of the stock traded hands, compared to its average volume of 600,729. The stock has a market capitalization of $205.39 billion, a P/E ratio of 27.46, a PEG ratio of 2.82 and a beta of 1.05. The company has a fifty day moving average of $15.60 and a 200 day moving average of $15.72. 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 issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Industria de Diseno Textil had a net margin of 15.54% and a return on equity of 33.83%. The firm had revenue of $12.82 billion during the quarter, compared to the consensus estimate of $12.66 billion. On average, analysts predict that Industria de Diseno Textil will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC bought a new position in Industria de Diseno Textil SA (OTCMKTS:IDEXY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, S.A. (Inditex) is a Spanish fashion group that designs, distributes and sells clothing, footwear, accessories and home products. Its retail brands include Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home. Founded in Spain, Inditex operates internationally through a network of stores and online channels. Its businesses serve customers across markets in Europe, the Americas, Asia and other regions.