Innovative Designs, Inc. (OTCMKTS:IVDN) Sees Large Increase in Short Interest

Innovative Designs, Inc. (OTCMKTS:IVDN) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 744 shares, a growth of ∞ from the April 15th total of 0 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 19,130 shares, the short-interest ratio is presently 0.0 days.

Innovative Designs Stock Performance

Shares of OTCMKTS IVDN remained flat at $0.32 during midday trading on Friday. The stock had a trading volume of 300 shares, compared to its average volume of 7,565. The company has a current ratio of 7.40, a quick ratio of 4.75 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $0.34 and its 200 day moving average price is $0.27. Innovative Designs has a 12-month low of $0.13 and a 12-month high of $0.42. The firm has a market capitalization of $12.32 million, a price-to-earnings ratio of 10.67 and a beta of -2.86.

Innovative Designs Company Profile

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.