Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Up 572.3% in August

Key Points

• Short interest in Industria de Diseno Textil SA surged by 572.3% in August, increasing from 33,900 shares to 227,900 shares.
• The company's stock rose by 2.5%, trading at $13.73 with a notable trading volume of 6,274,797 shares.
• Industria de Diseno Textil reported a quarterly earnings per share of $0.23, which was below analyst expectations of $0.25, but exceeded revenue estimates with $9.45 billion in sales.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 227,900 shares, a growth of 572.3% from the August 15th total of 33,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 783,700 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 783,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Industria de Diseno Textil Stock Up 2.5%

OTCMKTS IDEXY traded up $0.33 during mid-day trading on Thursday, hitting $13.73. The stock had a trading volume of 6,274,797 shares, compared to its average volume of 848,553. Industria de Diseno Textil has a 52-week low of $11.56 and a 52-week high of $15.06. The company has a market cap of $171.17 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a 50 day simple moving average of $12.50 and a 200 day simple moving average of $20.99.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Industria de Diseno Textil had a net margin of 15.19% and a return on equity of 32.39%. The firm had revenue of $9.45 billion during the quarter, compared to analysts' expectations of $8.53 billion. As a group, equities analysts anticipate that Industria de Diseno Textil will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

IDEXY has been the subject of a number of analyst reports. Royal Bank Of Canada raised Industria de Diseno Textil from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Berenberg Bank upgraded Industria de Diseno Textil to a "strong-buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Strong Buy".

About Industria de Diseno Textil

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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