Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Large Growth in Short Interest

Key Points

• The short interest in Industria de Diseno Textil SA increased by 242.4% in August, rising to 33,900 shares from 9,900 shares at the end of July.
• Berenberg Bank has upgraded the stock to a "strong-buy" rating, contributing to an average analyst rating of "Buy."
• The company reported earnings of $0.23 per share for the last quarter, which was below the consensus estimate of $0.25, despite revenue exceeding expectations at $9.45 billion.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 33,900 shares, anincreaseof242.4% from the July 31st total of 9,900 shares. Based on an average daily trading volume, of 1,295,500 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,295,500 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Berenberg Bank raised Industria de Diseno Textil to a "strong-buy" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Industria de Diseno Textil Trading Up 1.6%

Shares of OTCMKTS:IDEXY traded up $0.20 during trading on Monday, hitting $12.58. 670,141 shares of the company were exchanged, compared to its average volume of 791,823. The stock has a market cap of $156.83 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 2.48 and a beta of 1.14. Industria de Diseno Textil has a fifty-two week low of $11.56 and a fifty-two week high of $15.06. The firm has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $21.21.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last posted its quarterly 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 company had revenue of $9.45 billion for the quarter, compared to analyst estimates of $8.53 billion. Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%. As a group, research analysts predict that Industria de Diseno Textil will post 0.99 EPS for the current year.

About Industria de Diseno 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.