Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Sees Significant Decrease in Short Interest

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY - Get Free Report) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 38,400 shares, a decline of 60.3% from the May 15th total of 96,700 shares. Based on an average trading volume of 571,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Industria de Diseño Textil Stock Down 1.6%

Shares of IDEXY stock traded down $0.44 during trading hours on Friday, hitting $26.31. 151,159 shares of the company's stock were exchanged, compared to its average volume of 444,831. The firm has a market cap of $164.00 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.38 and a beta of 1.14. The firm has a 50 day moving average of $26.80 and a two-hundred day moving average of $26.52. Industria de Diseño Textil has a fifty-two week low of $23.12 and a fifty-two week high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $9.45 billion for the quarter, compared to analyst estimates of $8.53 billion. Industria de Diseño Textil had a return on equity of 32.33% and a net margin of 15.19%. On average, equities analysts forecast that Industria de Diseño Textil will post 0.99 earnings per share for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.3187 per share. This represents a dividend yield of 2.21%. This is an increase from Industria de Diseño Textil's previous dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Industria de Diseño Textil's dividend payout ratio is presently 60.19%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup raised Industria de Diseño Textil to a "strong-buy" rating in a report on Thursday, March 13th. BNP Paribas raised Industria de Diseño Textil to a "strong-buy" rating in a report on Tuesday, April 22nd.

About Industria de Diseño 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.