Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY – Get Rating) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 19,300 shares, a drop of 68.7% from the August 15th total of 61,700 shares. Based on an average daily volume of 573,000 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Ratings Changes
Several equities research analysts recently weighed in on IDEXY shares. Citigroup raised Industria de Diseño Textil from a “neutral” rating to a “buy” rating in a report on Monday. Credit Suisse Group boosted their price objective on Industria de Diseño Textil from €22.00 ($22.45) to €24.00 ($24.49) and gave the stock an “underperform” rating in a report on Thursday, June 9th. Royal Bank of Canada boosted their target price on Industria de Diseño Textil from €27.00 ($27.55) to €29.00 ($29.59) and gave the stock an “outperform” rating in a research note on Thursday, June 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Industria de Diseño Textil from €21.00 ($21.43) to €22.50 ($22.96) in a research note on Monday, June 13th. Finally, Morgan Stanley upped their price objective on Industria de Diseño Textil from €23.50 ($23.98) to €25.50 ($26.02) in a research note on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.88.
Industria de Diseño Textil Stock Performance
Shares of OTCMKTS IDEXY opened at $10.79 on Wednesday. Industria de Diseño Textil has a fifty-two week low of $10.18 and a fifty-two week high of $19.05. The company has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $11.56. The company has a market capitalization of $67.26 billion, a price-to-earnings ratio of 16.10 and a beta of 1.06.
About Industria de Diseño Textil
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. As of July 13, 2021, the company operated 6,829 stores in 96 markets; and online stores in 216 markets.
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