Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Significant Increase in Short Interest

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 180,014 shares, a growth of 137.9% from the October 15th total of 75,664 shares. Based on an average trading volume of 948,192 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Barclays raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Industria de Diseno Textil presently has an average rating of “Buy”.

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 purchased a new position in Industria de Diseno Textil SA (OTCMKTS:IDEXY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Stock Performance

IDEXY stock traded up $0.04 during mid-day trading on Friday, reaching $16.48. 465,661 shares of the stock traded hands, compared to its average volume of 600,729. Industria de Diseno Textil has a one year low of $13.06 and a one year high of $17.34. The stock has a market capitalization of $205.39 billion, a PE ratio of 27.46, a PEG ratio of 2.82 and a beta of 1.05. The business has a 50-day moving average price of $15.60 and a two-hundred day moving average price of $15.72.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, September 9th. The company reported $0.15 EPS for the quarter, meeting 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 firm had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.66 billion. On average, equities analysts expect that Industria de Diseno Textil will post 0.62 earnings per share for the current fiscal year.

About Industria de Diseno Textil

Industria de Diseño Textil, S.A. (Inditex) is a Spanish fashion group that designs, distributes and sells clothing, footwear, accessories and home products. Its retail brands include Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home. Founded in Spain, Inditex operates internationally through a network of stores and online channels. Its businesses serve customers across markets in Europe, the Americas, Asia and other regions.