Industria de Diseno Textil SA (OTCMKTS:IDEXY) Sees Large Drop in Short Interest

Industria de Diseno Textil SA (OTCMKTS:IDEXY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 75,664 shares, a decrease of 50.7% from the September 30th total of 153,400 shares. Based on an average daily trading volume, of 1,583,330 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Industria de Diseno Textil

An institutional investor recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new stake in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Stock Down 1.9%

IDEXY traded down $0.30 during trading on Friday, reaching $15.68. The company had a trading volume of 269,502 shares, compared to its average volume of 738,834. The stock has a market cap of $195.48 billion, a P/E ratio of 26.13, a PEG ratio of 2.70 and a beta of 1.02. Industria de Diseno Textil has a 52 week low of $13.06 and a 52 week high of $17.34. The business has a 50 day simple moving average of $15.65 and a 200-day simple moving average of $15.71.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Industria de Diseno Textil had a net margin of 15.54% and a return on equity of 33.83%. The company had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.66 billion. As a group, equities research analysts expect that Industria de Diseno Textil will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group headquartered in Arteixo, Galicia. The company operates an integrated retail model that combines physical stores, e-commerce platforms, product design, sourcing, logistics and distribution.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products include apparel, footwear, accessories, cosmetics and home furnishings, with offerings positioned across a range of fashion and lifestyle categories.

The company traces its origins to Zara, which was founded in 1975 by Amancio Ortega and Rosalía Mera; Inditex was established as a corporate group in 1985.