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

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 7,400 shares, a decline of 91.4% from the September 30th total of 86,400 shares. Based on an average trading volume of 264,700 shares, the days-to-cover ratio is presently 0.0 days.

Industria de Diseño Textil Stock Performance

OTCMKTS IDEXY traded down $0.32 on Friday, hitting $29.37. 232,194 shares of the company’s stock were exchanged, compared to its average volume of 149,031. The firm’s 50-day moving average price is $28.25 and its two-hundred day moving average price is $25.60. Industria de Diseño Textil has a fifty-two week low of $17.01 and a fifty-two week high of $30.11.

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

Industria de Diseño Textil Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Friday, November 1st will be issued a $0.2922 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from Industria de Diseño Textil’s previous dividend of $0.29. Industria de Diseño Textil’s dividend payout ratio (DPR) is 60.20%.

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.