Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Up 291.6% in July

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 335,841 shares, a growth of 291.6% from the July 15th total of 85,767 shares. Based on an average trading volume of 793,653 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Barclays raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Industria de Diseno Textil Trading Down 0.4%

Shares of IDEXY stock opened at $16.61 on Friday. Industria de Diseno Textil has a 12 month low of $11.98 and a 12 month high of $17.34. The stock has a market cap of $207.07 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.72 and a beta of 0.95. The company has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $15.67.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate 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 forecast that Industria de Diseno Textil will post 0.63 earnings per share for the current year.

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.