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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 94,154 shares, an increase of 132.2% from the May 14th total of 40,541 shares. Based on an average daily volume of 638,045 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of equities research analysts recently commented on IDEXY shares. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Zacks Research cut Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Industria de Diseno Textil Stock Down 0.7%

Shares of Industria de Diseno Textil stock traded down $0.11 during trading on Friday, reaching $16.20. 243,453 shares of the company were exchanged, compared to its average volume of 435,837. Industria de Diseno Textil has a twelve month low of $11.80 and a twelve month high of $17.34. The business has a 50-day moving average price of $15.23 and a 200-day moving average price of $15.64. The firm has a market capitalization of $201.96 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 3.30 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Industria de Diseno Textil had a return on equity of 33.89% and a net margin of 15.60%.The business had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $10.11 billion. On average, equities research analysts forecast that Industria de Diseno Textil will post 0.63 EPS for the current fiscal year.

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.