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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 75,664 shares, a decrease of 50.7% from the September 30th total of 153,400 shares. Based on an average daily volume of 1,583,330 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Industria de Diseno Textil

An institutional investor recently bought a new stake in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC bought a new stake in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Analysts Set New Price Targets

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

Industria de Diseno Textil Stock Performance

Shares of IDEXY opened at $15.68 on Monday. The stock has a fifty day moving average price of $15.65 and a two-hundred day moving average price of $15.71. The company has a market cap of $195.48 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 2.65 and a beta of 1.02. Industria de Diseno Textil has a 52-week low of $13.06 and a 52-week high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $12.82 billion during the quarter, compared to the consensus estimate of $12.66 billion. Industria de Diseno Textil had a return on equity of 33.83% and a net margin of 15.54%. As a group, research analysts predict that Industria de Diseno Textil will post 0.62 EPS for the current fiscal year.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group headquartered in Arteixo, Galicia. The company operates an integrated retail model that combines physical stores, e-commerce platforms, product design, sourcing, logistics and distribution.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products include apparel, footwear, accessories, cosmetics and home furnishings, with offerings positioned across a range of fashion and lifestyle categories.

The company traces its origins to Zara, which was founded in 1975 by Amancio Ortega and Rosalía Mera; Inditex was established as a corporate group in 1985.