Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Down 68.7% in August

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXYGet 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

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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.

Further Reading

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