Innovative Designs, Inc. (OTCMKTS:IVDN) Short Interest Up ∞ in July

Innovative Designs, Inc. (OTCMKTS:IVDN) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 9,529 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average daily trading volume, of 28,063 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Innovative Designs Price Performance

Shares of Innovative Designs stock traded down $0.03 during trading hours on Monday, reaching $0.20. The company’s stock had a trading volume of 67,042 shares, compared to its average volume of 38,968. The firm has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52. The stock has a market cap of $7.68 million, a P/E ratio of 6.64 and a beta of -2.74. Innovative Designs has a one year low of $0.13 and a one year high of $0.42.

Innovative Designs (OTCMKTS:IVDN) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.01 earnings per share for the quarter. Innovative Designs had a return on equity of 24.63% and a net margin of 18.21%.The company had revenue of $0.81 million for the quarter.

Innovative Designs Company Profile

Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.