Short Interest in Dorel Industries Inc. (OTCMKTS:DIIBF) Increases By 5.4%

Dorel Industries Inc. (OTCMKTS:DIIBF) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 87,700 shares, an increase of 5.4% from the May 15th total of 83,200 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 10.0 days.

Dorel Industries Price Performance

DIIBF opened at $5.13 on Thursday. The business has a 50 day moving average of $4.74 and a 200-day moving average of $4.67. The stock has a market capitalization of $167.03 million, a price-to-earnings ratio of -3.44 and a beta of 2.71. The company has a current ratio of 1.48, a quick ratio of 0.65 and a debt-to-equity ratio of 1.13. Dorel Industries has a 1-year low of $3.27 and a 1-year high of $5.52.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.52) earnings per share for the quarter. Dorel Industries had a negative net margin of 3.44% and a negative return on equity of 19.59%. The company had revenue of $351.07 million during the quarter.

About Dorel Industries

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.