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

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 52,400 shares, a drop of 5.1% from the May 31st total of 55,200 shares. Based on an average daily trading volume, of 315,000 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut shares of Industria de Diseño Textil from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 17th.

Industria de Diseño Textil Price Performance

Shares of IDEXY stock opened at $24.66 on Thursday. The firm has a 50 day moving average of $24.13 and a two-hundred day moving average of $23.03. Industria de Diseño Textil has a 52 week low of $17.01 and a 52 week high of $25.72.

Industria de Diseño Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Industria de Diseño Textil had a net margin of 15.09% and a return on equity of 31.68%. As a group, analysts anticipate that Industria de Diseño Textil will post 1.05 EPS for the current year.

Industria de Diseño Textil Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 17th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.2921 per share. This is a boost from Industria de Diseño Textil’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, April 29th. Industria de Diseño Textil’s payout ratio is 61.46%.

About Industria de Diseño Textil

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.