Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY – Get Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 50,300 shares, an increase of 993.5% from the March 31st total of 4,600 shares. Based on an average daily volume of 4,105,100 shares, the days-to-cover ratio is currently 0.0 days.

Shares of IDEXY stock remained flat at $$11.00 on Wednesday. 531,752 shares of the stock traded hands, compared to its average volume of 788,578. The company’s 50-day moving average is $11.78 and its 200 day moving average is $14.87. The company has a market cap of $68.57 billion, a PE ratio of 18.03 and a beta of 1.16. Industria de Diseño Textil has a 52 week low of $10.49 and a 52 week high of $20.20.

Industria de Diseño Textil (OTCMKTS:IDEXY – Get Rating) last posted its quarterly earnings results on Wednesday, March 16th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.07). The company had revenue of $9.60 billion for the quarter, compared to the consensus estimate of $9.33 billion. Industria de Diseño Textil had a net margin of 11.71% and a return on equity of 22.30%. As a group, sell-side analysts predict that Industria de Diseño Textil will post 0.67 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Tuesday, May 17th. Investors of record on Friday, April 29th will be given a dividend of $0.1807 per share. The ex-dividend date is Thursday, April 28th. This represents a yield of 2.89%. Industria de Diseño Textil’s payout ratio is currently 47.54%.

A number of research firms have recently commented on IDEXY. Zacks Investment Research lowered shares of Industria de Diseño Textil from a “hold” rating to a “sell” rating in a research note on Tuesday, March 1st. JPMorgan Chase & Co. lowered their price objective on shares of Industria de Diseño Textil from €34.00 ($36.56) to €31.00 ($33.33) and set an “overweight” rating on the stock in a report on Thursday, March 17th. The Goldman Sachs Group upgraded shares of Industria de Diseño Textil from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th. Barclays lowered their price objective on shares of Industria de Diseño Textil from €31.50 ($33.87) to €27.00 ($29.03) and set an “equal weight” rating on the stock in a report on Thursday, March 17th. Finally, Morgan Stanley lowered their price objective on shares of Industria de Diseño Textil from €29.00 ($31.18) to €24.50 ($26.34) in a report on Friday, March 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.25.

About Industria de Diseño Textil (Get Rating)

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various commercial concepts. Its retail concepts include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe.

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