Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Update

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 323,599 shares, an increase of 137.2% from the August 31st total of 136,428 shares. Based on an average daily trading volume, of 719,442 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Industria de Diseno Textil

An institutional investor recently bought a new stake in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new stake in Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Industria de Diseno Textil has an average rating of “Buy”.

Industria de Diseno Textil Stock Down 0.3%

IDEXY stock opened at $15.14 on Tuesday. The company has a market cap of $188.74 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 2.48 and a beta of 0.95. Industria de Diseno Textil has a twelve month low of $13.06 and a twelve month high of $17.34. The business has a 50 day moving average price of $16.14 and a two-hundred day moving average price of $15.59.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Industria de Diseno Textil had a return on equity of 33.83% and a net margin of 15.54%.The company had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.66 billion. On average, equities research analysts anticipate that Industria de Diseno Textil will post 0.63 EPS for the current fiscal year.

About Industria de Diseno Textil

Industria de Diseño Textil, SA (Inditex) is a Spanish multinational fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a network of retail stores and online platforms.

Inditex operates a portfolio of brands that includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products span womenswear, menswear, childrenswear, footwear, accessories, beauty and home furnishings, with each brand targeting distinct customer segments and styles.

Inditex traces its origins to Zara, which was founded in A Coruña, Spain, in 1975 by Amancio Ortega and Rosalía Mera.