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

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 17,000 shares, a growth of 73.5% from the December 15th total of 9,800 shares. Based on an average trading volume of 404,100 shares, the days-to-cover ratio is currently 0.0 days.

Industria de Diseño Textil Stock Performance

OTCMKTS IDEXY opened at $25.20 on Friday. Industria de Diseño Textil has a fifty-two week low of $20.66 and a fifty-two week high of $30.11. The business has a 50 day moving average price of $26.80 and a two-hundred day moving average price of $26.86.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada downgraded Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 12th.

Industria de Diseño Textil Company Profile

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.