Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 85,767 shares, a decline of 46.8% from the June 30th total of 161,285 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,256,025 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Barclays raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Price Performance

OTCMKTS:IDEXY opened at $16.27 on Thursday. The company has a market cap of $202.83 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.63 and a beta of 0.94. The firm’s fifty day moving average price is $15.69 and its two-hundred day moving average price is $15.63. Industria de Diseno Textil has a one year low of $11.80 and a one year high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.11 billion. As a group, equities research analysts expect that Industria de Diseno Textil will post 0.63 earnings per share for the current year.

Industria de Diseno Textil Company Profile

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.