Short Interest in Innovative Designs, Inc. (OTCMKTS:IVDN) Drops By 67.9%

Innovative Designs, Inc. (OTCMKTS:IVDN) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 575 shares, a decrease of 67.9% from the August 15th total of 1,792 shares. Based on an average daily trading volume, of 39,923 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Innovative Designs Trading Down 14.0%

Innovative Designs stock traded down $0.04 during trading hours on Friday, reaching $0.22. The stock had a trading volume of 14,310 shares, compared to its average volume of 13,247. The company has a fifty day simple moving average of $0.24 and a 200-day simple moving average of $0.29. Innovative Designs has a 52 week low of $0.15 and a 52 week high of $0.42. The stock has a market cap of $8.62 million, a PE ratio of 7.45 and a beta of -2.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52.

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

Innovative Designs Company Profile

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.