Industria de Diseno Textil SA (OTCMKTS:IDEXY) Shares Shorted: Short Interest Down 52.6% in September

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 153,400 shares, a drop of 52.6% from the September 15th total of 323,599 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,048,166 shares, the days-to-cover ratio is presently 0.1 days.

Industria de Diseno Textil Stock Up 0.7%

IDEXY stock traded up $0.11 during midday trading on Friday, reaching $15.58. The stock had a trading volume of 303,565 shares, compared to its average volume of 594,323. The business has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $15.62. The firm has a market cap of $194.27 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.55 and a beta of 1.02. Industria de Diseno Textil has a twelve month low of $13.06 and a twelve month high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Industria de Diseno Textil had a net margin of 15.54% and a return on equity of 33.83%. The company had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.66 billion. On average, equities analysts predict that Industria de Diseno Textil will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Industria de Diseno Textil

An institutional investor recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC bought a new position in Industria de Diseno Textil SA (OTCMKTS:IDEXY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Analyst Ratings Changes

Separately, Barclays raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Two research 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 stock. According to data from MarketBeat, Industria de Diseno Textil currently has a consensus rating of “Buy”.

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.