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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 94,154 shares, a growth of 132.2% from the May 14th total of 40,541 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 638,045 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup upgraded shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Three 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 data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Industria de Diseno Textil Price Performance

Shares of IDEXY stock opened at $16.20 on Monday. The company has a market capitalization of $201.96 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.30 and a beta of 0.94. Industria de Diseno Textil has a one year low of $11.80 and a one year high of $17.34. The company’s fifty day moving average price is $15.23 and its 200-day moving average price is $15.65.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.89%. Equities research analysts expect that Industria de Diseno Textil will post 0.63 earnings per share for the current fiscal 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.