Short Interest in Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Declines By 86.6%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 106,500 shares, a drop of 86.6% from the March 31st total of 797,600 shares. Based on an average daily trading volume, of 841,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Industria de Diseño Textil Stock Down 0.1 %

Shares of Industria de Diseño Textil stock traded down $0.03 during mid-day trading on Thursday, reaching $26.89. 170,011 shares of the stock traded hands, compared to its average volume of 512,605. The business has a 50-day moving average of $25.97 and a 200 day moving average of $26.82. Industria de Diseño Textil has a fifty-two week low of $22.31 and a fifty-two week high of $30.11. The stock has a market capitalization of $167.61 billion, a PE ratio of 26.62, a PEG ratio of 2.38 and a beta of 1.07.

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

Industria de Diseño Textil Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, May 1st will be issued a $0.3187 dividend. This represents a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Industria de Diseño Textil's previous dividend of $0.29. Industria de Diseño Textil's dividend payout ratio (DPR) is currently 61.17%.

Wall Street Analyst Weigh In

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

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.