Short Interest in Innovative Designs, Inc. (OTCMKTS:IVDN) Declines By 81.2%

Innovative Designs, Inc. (OTCMKTS:IVDN) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,792 shares, a decrease of 81.2% from the July 30th total of 9,529 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 79,988 shares, the short-interest ratio is currently 0.0 days.

Innovative Designs Stock Performance

Shares of IVDN stock remained flat at $0.26 on Wednesday. The stock had a trading volume of 7,365 shares, compared to its average volume of 33,870. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52. The stock has a market cap of $10.02 million, a price-to-earnings ratio of 8.66 and a beta of -2.74. The business has a fifty day moving average of $0.24 and a 200-day moving average of $0.30. Innovative Designs has a 52 week low of $0.15 and a 52 week high of $0.42.

Innovative Designs (OTCMKTS:IVDN) last announced its earnings results on Wednesday, June 17th. The company reported $0.01 earnings per share (EPS) for the quarter. Innovative Designs had a return on equity of 24.63% and a net margin of 18.21%.The business had revenue of $0.81 million for the quarter.

About Innovative Designs

Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.