Innovative Designs, Inc. (OTCMKTS:IVDN) Sees Significant Drop in Short Interest

Innovative Designs, Inc. (OTCMKTS:IVDN) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,792 shares, a decline of 81.2% from the July 30th total of 9,529 shares. Based on an average daily trading volume, of 79,988 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Innovative Designs Price Performance

Shares of OTCMKTS:IVDN remained flat at $0.26 during trading on Friday. The company’s stock had a trading volume of 3,200 shares, compared to its average volume of 33,659. The firm has a market cap of $9.84 million, a P/E ratio of 8.51 and a beta of -2.74. The firm’s 50-day moving average is $0.24 and its 200 day moving average is $0.30. Innovative Designs has a 12-month low of $0.15 and a 12-month high of $0.42. The company has a current ratio of 8.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.01.

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

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.