Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Up 305.9% in August

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 89,300 shares, a growth of 305.9% from the August 15th total of 22,000 shares. Based on an average daily trading volume, of 299,400 shares, the days-to-cover ratio is presently 0.3 days.

Several research firms have recently weighed in on IDEXY. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Industria de Diseño Textil in a report on Wednesday, September 1st. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Industria de Diseño Textil in a report on Thursday, June 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Industria de Diseño Textil in a report on Wednesday, August 25th. They set a “sell” rating for the company. Zacks Investment Research lowered shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a report on Thursday, September 2nd. Finally, Jefferies Financial Group raised shares of Industria de Diseño Textil from a “hold” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Industria de Diseño Textil stock opened at $17.78 on Wednesday. The company’s fifty day moving average price is $17.19 and its 200 day moving average price is $17.69. Industria de Diseño Textil has a 1 year low of $11.40 and a 1 year high of $20.20. The stock has a market capitalization of $110.83 billion, a P/E ratio of 84.67 and a beta of 1.22.

About Industria de Diseño Textil

Industria de Diseño Textil SA engages in the retail and sale of clothing, footwear, and accessories. It operates through the following segments: ZARA, Bershka, and Other. The firm’s other brands include of Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, and Uterqüe. The company was founded by Amancio Ortega Gaona in 1963 and is headquartered in A Coruna, Spain.

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