Short Interest in Dorel Industries Inc. (OTCMKTS:DIIBF) Increases By 108.0%

Dorel Industries Inc. (OTCMKTS:DIIBF) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 202,400 shares, a growth of 108.0% from the February 29th total of 97,300 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is presently 27.4 days.

Dorel Industries Stock Performance

OTCMKTS DIIBF traded up $0.10 during trading on Thursday, reaching $5.12. The company’s stock had a trading volume of 2,377 shares, compared to its average volume of 5,360. The company has a current ratio of 1.52, a quick ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $166.66 million, a price-to-earnings ratio of -2.67 and a beta of 2.61. Dorel Industries has a 12 month low of $2.39 and a 12 month high of $5.38. The firm has a 50 day moving average price of $4.65 and a 200 day moving average price of $4.39.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $350.68 million during the quarter. Dorel Industries had a negative net margin of 4.49% and a negative return on equity of 24.52%.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.