Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Sees Significant Increase in Short Interest

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 33,900 shares, an increase of 358.1% from the October 15th total of 7,400 shares. Based on an average daily volume of 509,500 shares, the days-to-cover ratio is presently 0.1 days.

Industria de Diseño Textil Stock Down 1.9 %

Shares of IDEXY stock traded down $0.51 during midday trading on Tuesday, reaching $26.64. 132,629 shares of the company were exchanged, compared to its average volume of 142,574. The company’s 50 day moving average price is $28.55 and its two-hundred day moving average price is $26.00. Industria de Diseño Textil has a 12 month low of $18.25 and a 12 month high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, September 11th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.71 billion. Industria de Diseño Textil had a net margin of 15.16% and a return on equity of 32.12%. On average, analysts forecast that Industria de Diseño Textil will post 1.07 earnings per share for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Friday, November 1st will be paid a $0.2922 dividend. This is a boost from Industria de Diseño Textil’s previous dividend of $0.29. The ex-dividend date of this dividend is Friday, November 1st. Industria de Diseño Textil’s payout ratio is presently 59.18%.

Industria de Diseño Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.