Innovative Designs, Inc. (OTCMKTS:IVDN – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 575 shares, a drop of 67.9% from the August 15th total of 1,792 shares. Based on an average daily volume of 39,923 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Innovative Designs Price Performance
Shares of IVDN traded down $0.04 during midday trading on Friday, hitting $0.22. 14,310 shares of the company traded hands, compared to its average volume of 13,247. Innovative Designs has a one year low of $0.15 and a one year high of $0.42. The firm has a market cap of $8.62 million, a P/E ratio of 7.45 and a beta of -2.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52. The stock has a 50-day moving average of $0.24 and a 200-day moving average of $0.29.
Innovative Designs (OTCMKTS:IVDN – Get Free Report) last posted its earnings results on Wednesday, June 17th. The company reported $0.01 earnings per share for the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%. The business had revenue of $0.81 million for the quarter.
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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