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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 40,541 shares, a decline of 71.8% from the April 30th total of 143,524 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,501,053 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IDEXY. Zacks Research cut shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. 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. According to data from MarketBeat.com, Industria de Diseno Textil presently has a consensus rating of “Buy”.

Industria de Diseno Textil Trading Up 1.8%

Industria de Diseno Textil stock opened at $15.65 on Friday. Industria de Diseno Textil has a 1-year low of $11.80 and a 1-year high of $17.34. The firm has a market capitalization of $195.10 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 3.34 and a beta of 0.94. The firm has a 50 day simple moving average of $14.94 and a 200 day simple moving average of $15.51.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 33.77%. The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.65 billion. On average, equities research analysts forecast that Industria de Diseno Textil will post 0.63 EPS 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.