Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Down 5.1% in June

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 52,400 shares, a drop of 5.1% from the May 31st total of 55,200 shares. Based on an average trading volume of 315,000 shares, the short-interest ratio is currently 0.2 days.

Industria de Diseño Textil Price Performance

Shares of OTCMKTS IDEXY opened at $24.44 on Wednesday. The firm has a fifty day moving average of $24.13 and a 200-day moving average of $23.00. Industria de Diseño Textil has a 52-week low of $17.01 and a 52-week high of $25.72.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Industria de Diseño Textil had a net margin of 15.09% and a return on equity of 31.68%. The firm had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $9.13 billion. As a group, analysts anticipate that Industria de Diseño Textil will post 1.05 EPS for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 17th. Shareholders of record on Tuesday, April 30th were issued a $0.2921 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a positive change from Industria de Diseño Textil’s previous dividend of $0.23. Industria de Diseño Textil’s payout ratio is currently 61.46%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada downgraded Industria de Diseño Textil from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 17th.

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.