Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Up 206.2% in June

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a large growth in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,053,094 shares, the short-interest ratio is currently 0.3 days.

Industria de Diseno Textil Trading Down 0.3%

Shares of OTCMKTS IDEXY traded down $0.06 during trading hours on Monday, reaching $15.86. The stock had a trading volume of 189,703 shares, compared to its average volume of 663,477. The business’s fifty day moving average price is $15.39 and its two-hundred day moving average price is $15.74. The firm has a market cap of $197.66 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 3.24 and a beta of 0.94. Industria de Diseno Textil has a 52-week low of $11.80 and a 52-week high of $17.34.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on IDEXY. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

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.