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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 40,541 shares, a decrease of 71.8% from the April 30th total of 143,524 shares. Based on an average trading volume of 1,501,053 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Industria de Diseno Textil Trading Down 0.7%

IDEXY traded down $0.11 during trading hours on Friday, hitting $15.54. 279,742 shares of the company’s stock were exchanged, compared to its average volume of 593,827. Industria de Diseno Textil has a 12-month low of $11.80 and a 12-month high of $17.34. The firm has a 50 day moving average of $14.95 and a 200 day moving average of $15.51. The firm has a market cap of $193.73 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 3.40 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its earnings results on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). Industria de Diseno Textil had a return on equity of 33.77% and a net margin of 15.61%.The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.65 billion. As a group, research analysts expect that Industria de Diseno Textil will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IDEXY shares. Zacks Research lowered shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup upgraded shares of Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock 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.