Short Interest in Industria de Diseno Textil SA (OTCMKTS:IDEXY) Grows By 206.2%

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 288,285 shares, an increase of 206.2% from the May 31st total of 94,154 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,053,094 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on IDEXY. Zacks Research lowered 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 shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Three equities research 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 company. Based on data from MarketBeat.com, Industria de Diseno Textil presently has a consensus rating of “Buy”.

Industria de Diseno Textil Price Performance

Shares of IDEXY stock traded down $0.23 during trading hours on Tuesday, hitting $15.68. The stock had a trading volume of 10,943 shares, compared to its average volume of 660,196. The firm has a market capitalization of $195.48 billion, a PE ratio of 26.58, a PEG ratio of 3.24 and a beta of 0.94. Industria de Diseno Textil has a twelve month low of $11.80 and a twelve month high of $17.34. The stock’s 50 day moving average is $15.40 and its 200 day moving average is $15.74.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. As a group, equities analysts predict that Industria de Diseno Textil will post 0.63 earnings per share for the current 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.