Short Interest in Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Expands By 358.1%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 33,900 shares, a growth of 358.1% from the October 15th total of 7,400 shares. Based on an average trading volume of 509,500 shares, the short-interest ratio is currently 0.1 days.

Industria de Diseño Textil Stock Performance

Industria de Diseño Textil stock traded up $0.17 during midday trading on Wednesday, hitting $26.81. 253,050 shares of the company were exchanged, compared to its average volume of 143,076. The company’s fifty day moving average price is $28.54 and its 200-day moving average price is $26.02. Industria de Diseño Textil has a fifty-two week low of $18.25 and a fifty-two week high of $30.11.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its earnings results on Wednesday, September 11th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Industria de Diseño Textil had a return on equity of 32.12% and a net margin of 15.16%. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.71 billion. As a group, sell-side analysts expect that Industria de Diseño Textil will post 1.07 EPS for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Friday, November 1st will be issued a $0.2922 dividend. This is an increase from Industria de Diseño Textil’s previous dividend of $0.29. The ex-dividend date is Friday, November 1st. Industria de Diseño Textil’s payout ratio is 58.16%.

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.