Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Down 64.1% in September

Key Points

• Industria de Diseno Textil SA experienced a significant decline in short interest, dropping 64.1% in September, from 1,338,300 shares to 480,600 shares.
• The company's stock is trading at $14.14 with a market cap of $176.28 billion and has reported a price-to-earnings ratio of 26.93.
• Recent brokerage upgrades have provided a favorable outlook, with four analysts rating it as a Strong Buy and one as a Hold.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 480,600 shares, a decline of 64.1% from the September 15th total of 1,338,300 shares. Based on an average daily trading volume, of 1,138,900 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 1,138,900 shares, the days-to-cover ratio is currently 0.4 days.

Industria de Diseno Textil Trading Up 0.6%

Shares of OTCMKTS:IDEXY traded up $0.09 on Friday, hitting $14.14. The company had a trading volume of 436,513 shares, compared to its average volume of 679,908. Industria de Diseno Textil has a 1-year low of $11.56 and a 1-year high of $14.93. The stock has a market cap of $176.28 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.64 and a beta of 1.17. The stock has a 50 day moving average price of $13.18 and a 200 day moving average price of $18.68.

Analysts Set New Price Targets

A number of brokerages have recently commented on IDEXY. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Berenberg Bank raised shares of Industria de Diseno Textil to a "strong-buy" rating in a research report on Friday, August 1st. Finally, UBS Group upgraded shares of Industria de Diseno Textil from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Industria de Diseno Textil presently has an average rating of "Strong Buy".

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.

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