Short Interest in Innovative Designs, Inc. (OTCMKTS:IVDN) Increases By 400.0%

Innovative Designs, Inc. (OTCMKTS:IVDN) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,500 shares, an increase of 400.0% from the October 31st total of 300 shares. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is presently 0.1 days.

Shares of IVDN opened at $0.38 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.58 and a current ratio of 1.45. The firm’s 50-day moving average is $0.36 and its two-hundred day moving average is $0.32. Innovative Designs has a twelve month low of $0.11 and a twelve month high of $0.50.

About Innovative Designs

Innovative Designs, Inc engages in the marketing of cold weather recreational and industrial clothing products. It operates through the Apparel and Housewrap segment. Its products include floating swimwear, arctic armor, hunting apparel, and floatable swimsuits. The company was founded on June 25, 2002 and is headquartered in Pittsburgh, PA.

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