Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Up 132.2% in May

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 94,154 shares, an increase of 132.2% from the May 14th total of 40,541 shares. Based on an average daily volume of 638,045 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Industria de Diseno Textil Price Performance

Shares of OTCMKTS IDEXY opened at $16.20 on Friday. Industria de Diseno Textil has a one year low of $11.80 and a one year high of $17.34. The business’s fifty day moving average price is $15.23 and its 200-day moving average price is $15.64. The stock has a market capitalization of $201.96 billion, a PE ratio of 27.46, a P/E/G ratio of 3.32 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Industria de Diseno Textil had a return on equity of 33.89% and a net margin of 15.60%.The firm had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. As a group, equities analysts expect that Industria de Diseno Textil will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IDEXY shares. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research cut Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Industria de Diseno Textil presently has an average rating of “Buy”.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.