Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Large Decline in Short Interest

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 136,428 shares, a decrease of 41.2% from the August 15th total of 231,965 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 572,371 shares, the short-interest ratio is currently 0.2 days.

Industria de Diseno Textil Trading Up 0.3%

IDEXY traded up $0.04 on Thursday, hitting $15.07. 29,706 shares of the company were exchanged, compared to its average volume of 580,617. The firm has a 50-day moving average price of $16.21 and a two-hundred day moving average price of $15.61. Industria de Diseno Textil has a twelve month low of $12.88 and a twelve month high of $17.34. The company has a market cap of $187.87 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.95.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Industria de Diseno Textil had a return on equity of 33.12% and a net margin of 15.54%.The business had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.66 billion. Equities analysts expect that Industria de Diseno Textil will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Industria de Diseno Textil

A hedge fund recently bought a new stake in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Wall Street Analyst Weigh In

Separately, Barclays raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Industria de Diseno Textil

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.