Industria de Diseno Textil SA (OTCMKTS:IDEXY) Short Interest Down 41.2% in August

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 136,428 shares, a drop of 41.2% from the August 15th total of 231,965 shares. Based on an average daily trading volume, of 572,371 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of 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) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Price Performance

Shares of OTCMKTS:IDEXY traded up $0.07 during trading on Wednesday, reaching $15.18. 515,455 shares of the company’s stock traded hands, compared to its average volume of 582,632. Industria de Diseno Textil has a 12 month low of $12.88 and a 12 month high of $17.34. The company has a 50 day moving average of $16.22 and a 200-day moving average of $15.62. The stock has a market capitalization of $189.24 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 2.52 and a beta of 0.95.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) 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 33.12%. The firm had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.66 billion. Equities research analysts predict that Industria de Diseno Textil will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Industria de Diseno Textil

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.