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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 288,285 shares, a growth of 206.2% from the May 31st total of 94,154 shares. Based on an average daily volume of 1,053,094 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Industria de Diseno Textil Price Performance

Shares of OTCMKTS:IDEXY traded down $0.11 during midday trading on Friday, reaching $15.91. 305,289 shares of the company’s stock were exchanged, compared to its average volume of 420,244. The firm’s 50 day simple moving average is $15.39 and its two-hundred day simple moving average is $15.74. The stock has a market cap of $198.34 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 3.24 and a beta of 0.94. Industria de Diseno Textil has a fifty-two week low of $11.80 and a fifty-two week high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. Equities research analysts predict that Industria de Diseno Textil will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zacks Research cut shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Three investment 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 stock. According to MarketBeat.com, Industria de Diseno Textil has a consensus 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.