Innovative Designs, Inc. (OTCMKTS:IVDN – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,792 shares, a drop of 81.2% from the July 30th total of 9,529 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 79,988 shares, the days-to-cover ratio is presently 0.0 days.
Innovative Designs Stock Performance
Shares of OTCMKTS:IVDN remained flat at $0.26 during trading on Wednesday. The stock had a trading volume of 7,365 shares, compared to its average volume of 33,870. The company’s 50 day moving average is $0.24 and its 200-day moving average is $0.30. The company has a market cap of $10.02 million, a price-to-earnings ratio of 8.66 and a beta of -2.74. Innovative Designs has a 12 month low of $0.15 and a 12 month high of $0.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.52 and a current ratio of 8.48.
Innovative Designs (OTCMKTS:IVDN – Get Free Report) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.01 EPS for the quarter. The firm had revenue of $0.81 million for the quarter. Innovative Designs had a return on equity of 24.63% and a net margin of 18.21%.
About Innovative Designs
Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.
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