Dorel Industries Inc. (OTCMKTS:DIIBF) Sees Large Increase in Short Interest

Dorel Industries Inc. (OTCMKTS:DIIBF) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 107,200 shares, an increase of 8.1% from the November 30th total of 99,200 shares. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is currently 7.9 days.

Dorel Industries Stock Up 7.2 %

Shares of OTCMKTS:DIIBF opened at $2.65 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.94 and a debt-to-equity ratio of 0.28. The firm has a market cap of $86.33 million, a P/E ratio of -0.84 and a beta of 2.65. Dorel Industries has a 12 month low of $2.36 and a 12 month high of $5.53. The company’s 50-day moving average price is $3.15 and its two-hundred day moving average price is $4.18.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DIIBF shares. TD Securities downgraded Dorel Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 18th. BMO Capital Markets raised Dorel Industries to a “hold” rating in a research note on Monday, November 18th.

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.