Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 85,767 shares, a decline of 46.8% from the June 30th total of 161,285 shares. Based on an average daily trading volume, of 1,256,025 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Industria de Diseno Textil Stock Up 1.0%

Industria de Diseno Textil stock traded up $0.16 during midday trading on Wednesday, reaching $16.33. 728,077 shares of the stock traded hands, compared to its average volume of 644,888. The stock has a market cap of $203.58 billion, a P/E ratio of 27.68, a PEG ratio of 2.53 and a beta of 0.94. The stock’s fifty day moving average is $15.66 and its 200-day moving average is $15.63. Industria de Diseno Textil has a 12 month low of $11.80 and a 12 month high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Industria de Diseno Textil had a return on equity of 33.65% and a net margin of 15.60%.The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. On average, equities analysts predict that Industria de Diseno Textil will post 0.63 EPS for the current fiscal year.

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 research note on Monday. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

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.