Short Interest in Industria de Diseno Textil SA (OTCMKTS:IDEXY) Increases By 487.2%

Key Points

• Short interest in Industria de Diseno Textil SA (OTCMKTS:IDEXY) surged by 487.2% in September, reaching a total of 1,338,300 shares.
• UBS Group upgraded the stock from a "hold" to a "strong-buy" rating, while multiple analysts have issued positive ratings, leading to a consensus rating of "Strong Buy".
• As of the latest trading session, shares of IDEXY traded at $14.04, marking an increase of 1.7% from previous trading days.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,338,300 shares, an increase of 487.2% from the August 31st total of 227,900 shares. Based on an average daily volume of 3,152,000 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,152,000 shares, the short-interest ratio is presently 0.4 days.

Industria de Diseno Textil Stock Up 1.7%

Shares of IDEXY traded up $0.23 during midday trading on Wednesday, hitting $14.04. The company had a trading volume of 56,366 shares, compared to its average volume of 832,679. The company's 50 day moving average price is $12.74 and its 200 day moving average price is $19.68. The stock has a market cap of $175.06 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.50 and a beta of 1.14. Industria de Diseno Textil has a 52 week low of $11.56 and a 52 week high of $14.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Industria de Diseno Textil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 10th. Finally, Berenberg Bank raised shares of Industria de Diseno Textil to a "strong-buy" rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Strong Buy".

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.

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