Short Interest in Industria de Diseno Textil SA (OTCMKTS:IDEXY) Declines By 75.2%

Key Points

• Short interest in Industria de Diseno Textil SA dropped by 75.2% in July, from 39,900 shares to just 9,900 shares, indicating a significant decline in bearish sentiment towards the stock.
• The company's stock price is currently trading at $12.68 with a market capitalization of $158.08 billion and a price-to-earnings ratio of 24.62.
• Industria de Diseno Textil recently reported $0.23 earnings per share for the quarter, which was below analysts' expectations of $0.25, despite generating revenue of $9.45 billion exceeding estimates.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 9,900 shares, adecreaseof75.2% from the July 15th total of 39,900 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,060,700 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 1,060,700 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are short sold.

Industria de Diseno Textil Stock Up 0.2%

Shares of IDEXY stock traded up $0.03 during mid-day trading on Wednesday, hitting $12.77. 256,877 shares of the company's stock were exchanged, compared to its average volume of 818,657. Industria de Diseno Textil has a fifty-two week low of $11.5582 and a fifty-two week high of $15.0550. The stock has a 50-day simple moving average of $15.25 and a two-hundred day simple moving average of $22.63. The stock has a market cap of $159.20 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.19 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BNP Paribas upgraded Industria de Diseno Textil to a "strong-buy" rating in a report on Tuesday, April 22nd. Berenberg Bank upgraded Industria de Diseno Textil to a "strong-buy" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy".

Industria de Diseno 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.