Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Up 1,218.3% in March

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 797,600 shares, a growth of 1,218.3% from the March 15th total of 60,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,174,600 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Industria de Diseño Textil to a "strong-buy" rating in a research note on Thursday, March 13th.

Industria de Diseño Textil Trading Up 1.9 %

IDEXY stock traded up $0.50 during mid-day trading on Friday, hitting $26.78. 269,393 shares of the company were exchanged, compared to its average volume of 551,194. Industria de Diseño Textil has a 1-year low of $22.31 and a 1-year high of $30.11. The stock has a market capitalization of $166.93 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.38 and a beta of 1.07. The business has a 50 day simple moving average of $26.10 and a 200-day simple moving average of $26.90.

Industria de Diseño Textil (OTCMKTS:IDEXY - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.13 billion. Industria de Diseño Textil had a return on equity of 32.33% and a net margin of 15.19%. Equities research analysts expect that Industria de Diseño Textil will post 0.99 earnings per share for the current year.

Industria de Diseño 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.