Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Up 132.2% in May

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 94,154 shares, an increase of 132.2% from the May 14th total of 40,541 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 638,045 shares, the days-to-cover ratio is currently 0.1 days.

Industria de Diseno Textil Trading Down 0.7%

Shares of Industria de Diseno Textil stock opened at $16.20 on Friday. The stock has a fifty day simple moving average of $15.23 and a 200 day simple moving average of $15.64. Industria de Diseno Textil has a 12-month low of $11.80 and a 12-month high of $17.34. The company has a market capitalization of $201.96 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Industria de Diseno Textil had a return on equity of 33.89% and a net margin of 15.60%.The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.11 billion. On average, analysts predict that Industria de Diseno Textil will post 0.63 EPS for the current year.

Analysts Set New Price Targets

IDEXY has been the subject of a number of research analyst reports. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Zacks Research cut Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.