Innovative Designs, Inc. (OTCMKTS:IVDN) Sees Large Increase in Short Interest

Innovative Designs, Inc. (OTCMKTS:IVDN) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 744 shares, a growth of ∞ from the April 15th total of 0 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 19,130 shares, the short-interest ratio is currently 0.0 days.

Innovative Designs Price Performance

Shares of OTCMKTS:IVDN remained flat at $0.32 during trading on Friday. 300 shares of the company were exchanged, compared to its average volume of 7,565. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.40 and a quick ratio of 4.75. Innovative Designs has a twelve month low of $0.13 and a twelve month high of $0.42. The company’s 50 day moving average is $0.34 and its 200 day moving average is $0.27. The stock has a market cap of $12.32 million, a PE ratio of 10.67 and a beta of -2.86.

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.