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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 335,841 shares, an increase of 291.6% from the July 15th total of 85,767 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 793,653 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Industria de Diseno Textil currently has an average rating of “Buy”.

Industria de Diseno Textil Stock Performance

Shares of Industria de Diseno Textil stock opened at $16.65 on Thursday. Industria de Diseno Textil has a one year low of $11.98 and a one year high of $17.34. The company has a market cap of $207.57 billion, a PE ratio of 28.22, a P/E/G ratio of 2.77 and a beta of 0.95. The business has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $15.66.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. On average, sell-side analysts predict 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.