Short Interest in Innovative Designs, Inc. (OTCMKTS:IVDN) Rises By ∞

Innovative Designs, Inc. (OTCMKTS:IVDN) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,529 shares, an increase of ∞ from the July 15th total of 0 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 28,063 shares, the days-to-cover ratio is presently 0.3 days.

Innovative Designs Stock Down 2.1%

Shares of Innovative Designs stock opened at $0.23 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.52 and a current ratio of 8.48. Innovative Designs has a 52-week low of $0.13 and a 52-week high of $0.42. The company’s 50 day moving average price is $0.25 and its 200-day moving average price is $0.30. The stock has a market capitalization of $8.68 million, a price-to-earnings ratio of 7.50 and a beta of -2.74.

Innovative Designs (OTCMKTS:IVDN) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.01 EPS for the quarter. The company had revenue of $0.81 million during the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%.

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.