Short Interest in Dorel Industries Inc. (OTCMKTS:DIIBF) Decreases By 10.1%

Dorel Industries Inc. (OTCMKTS:DIIBF) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 85,200 shares, a drop of 10.1% from the August 15th total of 94,800 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 11.8 days.

Dorel Industries Trading Up 0.9 %

Shares of OTCMKTS:DIIBF traded up $0.04 on Tuesday, hitting $4.50. The company had a trading volume of 2,751 shares, compared to its average volume of 4,959. The firm’s 50-day simple moving average is $4.90 and its two-hundred day simple moving average is $4.83. Dorel Industries has a 1 year low of $3.29 and a 1 year high of $5.53. The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $146.51 million, a price-to-earnings ratio of -3.02 and a beta of 2.74.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.28). Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 20.39%. The business had revenue of $348.08 million for the quarter.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.