Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Significant Increase in Short Interest

Key Points

• Short interest surged 137.2% to 323,599 shares as of September 15, up from 136,428 shares at the end of August. Despite the increase, short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.4.
• IDEXY shares rose 0.9% to $15.19, while the company reported quarterly earnings of $0.15 per share in line with estimates and revenue of $12.82 billion, exceeding expectations.
• Investor sentiment remains broadly positive: Azimuth Capital acquired 351,596 shares, Barclays upgraded the stock to “strong buy,” and analysts maintain an average “Buy” rating.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 323,599 shares, an increase of 137.2% from the August 31st total of 136,428 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 719,442 shares, the days-to-cover ratio is currently 0.4 days.

Industria de Diseno Textil Trading Up 0.9%

IDEXY traded up $0.14 on Friday, hitting $15.19. 389,583 shares of the company's stock were exchanged, compared to its average volume of 407,875. The stock has a fifty day moving average of $16.14 and a two-hundred day moving average of $15.59. Industria de Diseno Textil has a twelve month low of $13.06 and a twelve month high of $17.34. The firm has a market cap of $189.37 billion, a PE ratio of 25.32, a P/E/G ratio of 2.48 and a beta of 0.95.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The business had revenue of $12.82 billion for the quarter, compared to analysts' expectations of $12.66 billion. Industria de Diseno Textil had a return on equity of 33.83% and a net margin of 15.54%. On average, analysts predict that Industria de Diseno Textil will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Industria de Diseno Textil

A hedge fund recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 351,596 shares of the company's stock, valued at approximately $5,539,000.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Industria de Diseno Textil from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Industria de Diseno Textil has an average rating of "Buy".

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex's portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.

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