Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Significant Increase in Short Interest

Industria de Diseno Textil SA (OTCMKTS:IDEXY – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 288,285 shares, a growth of 206.2% from the May 31st total of 94,154 shares. Based on an average daily volume of 1,053,094 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Industria de Diseno Textil Stock Down 0.7%

OTCMKTS:IDEXY traded down $0.11 on Friday, reaching $15.91. 305,289 shares of the company’s stock were exchanged, compared to its average volume of 420,244. The firm has a market capitalization of $198.34 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94. Industria de Diseno Textil has a 52-week low of $11.80 and a 52-week high of $17.34. The business has a fifty day moving average of $15.39 and a 200-day moving average of $15.74.

Get Industria de Diseno Textil alerts:

Industria de Diseno Textil (OTCMKTS:IDEXY – Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. As a group, equities analysts anticipate that Industria de Diseno Textil will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a research note 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 investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Industria de Diseno Textil has a consensus rating of “Buy”.

Read Our Latest Report on Industria de Diseno Textil

Industria de Diseno Textil Company Profile

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than Industria de Diseno Textil
• As Stablecoins Keep Growing, These 2 Stocks Benefit
• Apple Just Handed These 4 Memory Stocks Their Best News of the Year
• Costco’s Secret Growth Engine May Be Running Out of Gas
• Why Alphabet’s Pullback May Be an Opportunity in Disguise

Receive News & Ratings for Industria de Diseno Textil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industria de Diseno Textil and related companies with MarketBeat.com's FREE daily email newsletter.